Donald L. Hagan LLC Has $1.31 Million Stake in Wal-Mart Stores, Inc. (WMT)

Donald L. Hagan LLC cut its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 4.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,815 shares of the retailer’s stock after selling 692 shares during the period. Wal-Mart Stores makes up about 1.2% of Donald L. Hagan LLC’s portfolio, making the stock its 20th largest holding. Donald L. Hagan LLC’s holdings in Wal-Mart Stores were worth $1,314,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Winfield Associates Inc. boosted its holdings in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the last quarter. TrimTabs Asset Management LLC boosted its holdings in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its holdings in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 30.58% of the company’s stock.

WMT has been the topic of several research analyst reports. CIBC lowered their price objective on Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Telsey Advisory Group lowered their price objective on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, November 17th. Citigroup upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $106.00 to $117.00 in a report on Tuesday. Royal Bank of Canada upgraded Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 price objective on the stock in a report on Wednesday, November 29th. Finally, Goldman Sachs Group set a $87.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and a consensus target price of $95.78.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $98.21 on Friday. The company has a market cap of $292,535.22, a P/E ratio of 26.12, a PEG ratio of 3.64 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.

Wal-Mart Stores announced that its board has approved a stock buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In other news, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the sale, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,421,174 shares of company stock worth $1,366,398,832. Corporate insiders own 51.39% of the company’s stock.

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About Wal-Mart Stores

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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