HM Payson & Co. trimmed its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,868 shares of the retailer’s stock after selling 1,054 shares during the period. HM Payson & Co.’s holdings in Wal-Mart Stores were worth $13,586,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WMT. Winfield Associates Inc. lifted its stake in shares of Wal-Mart Stores by 5.8% during the second 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 period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in shares of Wal-Mart Stores by 3.3% during the second 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 period. Thompson Davis & CO. Inc. lifted its stake in shares of Wal-Mart Stores by 456.9% during the second 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 period. Hudock Capital Group LLC lifted its stake in shares of Wal-Mart Stores by 0.4% during the second 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 period. Finally, Kistler Tiffany Companies LLC lifted its stake in shares of Wal-Mart Stores by 124.2% during the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the period. Institutional investors own 30.58% of the company’s stock.
Several research firms have recently commented on WMT. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada set a $106.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Friday, January 5th. UBS Group set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Thursday, January 4th. Robert W. Baird set a $110.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $101.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $96.81.
Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts expect that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.
Wal-Mart Stores declared that its board has authorized a share repurchase plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock valued at $1,207,333,538 in the last ninety days. 51.39% of the stock is owned by corporate insiders.
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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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