John G Ullman & Associates Inc. Has $8.82 Million Stake in Wal-Mart Stores, Inc. (WMT)

John G Ullman & Associates Inc. reduced its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 112,917 shares of the retailer’s stock after selling 1,464 shares during the period. Wal-Mart Stores comprises 1.7% of John G Ullman & Associates Inc.’s holdings, making the stock its 17th biggest position. John G Ullman & Associates Inc. owned approximately 37.80% of Wal-Mart Stores worth $8,823,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Hudock Capital Group LLC lifted 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 purchasing an additional 7 shares in the last quarter. Gemmer Asset Management LLC lifted its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after purchasing an additional 10 shares in the last quarter. Sterneck Capital Management LLC lifted its holdings in Wal-Mart Stores by 0.3% in the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after purchasing an additional 22 shares in the last quarter. LLBH Private Wealth Management LLC lifted its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after purchasing an additional 24 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. lifted its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after purchasing an additional 24 shares in the last quarter. 30.58% of the stock is currently owned by hedge funds and other institutional investors.

WMT has been the topic of a number of research analyst reports. Robert W. Baird set a $90.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Goldman Sachs Group set a $87.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 3rd. KeyCorp reissued a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Jefferies Group boosted their price target on Wal-Mart Stores from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Bank of America set a $100.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $96.81.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $100.13 on Friday. The stock has a market capitalization of $296,620.00, a P/E ratio of 26.63, a PEG ratio of 3.67 and a beta of 0.37. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve month high of $100.38. 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 (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. equities research analysts predict that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.

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

In other news, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.

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Wal-Mart Stores Company Profile

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.

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

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