Wal-Mart Stores, Inc. (WMT) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. lessened its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,702 shares of the retailer’s stock after selling 4,325 shares during the quarter. FDx Advisors Inc.’s holdings in Wal-Mart Stores were worth $4,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Westover Capital Advisors LLC increased its holdings in Wal-Mart Stores by 27.1% during the 1st quarter. Westover Capital Advisors LLC now owns 29,001 shares of the retailer’s stock valued at $2,090,000 after acquiring an additional 6,189 shares in the last quarter. PVG Asset Management Corp purchased a new position in Wal-Mart Stores during the 1st quarter valued at about $1,539,000. Flagship Harbor Advisors LLC increased its holdings in Wal-Mart Stores by 5.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,863 shares of the retailer’s stock valued at $351,000 after acquiring an additional 252 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Wal-Mart Stores by 11.0% during the 1st quarter. Driehaus Capital Management LLC now owns 5,022 shares of the retailer’s stock valued at $362,000 after acquiring an additional 497 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Wal-Mart Stores by 21.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 40,447 shares of the retailer’s stock valued at $2,915,000 after acquiring an additional 7,247 shares in the last quarter. Institutional investors and hedge funds own 30.58% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at $101.61 on Tuesday. The company has a market cap of $301,010.00, a PE ratio of 27.02, a PEG ratio of 3.69 and a beta of 0.37. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve month high of $101.75. 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 results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. research analysts predict that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores announced that its board has initiated a stock buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, major shareholder Alice L. Walton sold 2,900,679 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.82, for a total value of $283,744,419.78. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the sale, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock worth $1,207,333,538 over the last three months. Corporate insiders own 51.39% of the company’s stock.

Several research firms have weighed in on WMT. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Saturday. Vetr downgraded shares of Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 target price for the company. in a report on Friday, November 17th. Telsey Advisory Group dropped their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 17th. Royal Bank of Canada raised their target price on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the company an “underperform” rating in a report on Friday, November 17th. Finally, Morgan Stanley raised their target price on shares of Wal-Mart Stores from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus price target of $96.81.

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Wal-Mart Stores 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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