Traders Sell Shares of Wal-Mart Stores (WMT) on Strength (WMT)

Investors sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading on Friday. $132.20 million flowed into the stock on the tick-up and $172.88 million flowed out of the stock on the tick-down, for a money net flow of $40.68 million out of the stock. Of all companies tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.85 for the day and closed at $100.87

WMT has been the topic of several recent research reports. Citigroup raised shares of Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their price target for the company from $106.00 to $117.00 in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, October 12th. Wells Fargo & Co set a $101.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Wednesday, December 27th. Bank of America set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Wolfe Research raised shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Eighteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $98.46.

The firm has a market cap of $298,820.00, a price-to-earnings ratio of 26.83, a PEG ratio of 3.68 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.

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, beating the 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%. Wal-Mart Stores’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. research analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.

Wal-Mart Stores announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the sale, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Winfield Associates Inc. increased its stake in 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 purchasing an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in 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 purchasing an additional 45 shares during the period. Thompson Davis & CO. Inc. increased its stake in 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 purchasing an additional 1,252 shares during the period. Hudock Capital Group LLC increased its stake in 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 purchasing an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC increased its stake in 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 purchasing an additional 1,058 shares during the period. Institutional investors own 30.58% 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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