Financial Advisory Group lessened its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 36.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,475 shares of the retailer’s stock after selling 4,807 shares during the quarter. Financial Advisory Group’s holdings in Wal-Mart Stores were worth $662,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC grew its holdings in shares of Wal-Mart Stores by 10.9% during the 2nd quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after purchasing an additional 294,383 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in shares of Wal-Mart Stores by 2.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after purchasing an additional 200 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Wal-Mart Stores by 23.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after purchasing an additional 393,180 shares in the last quarter. Numeric Investors LLC grew its holdings in shares of Wal-Mart Stores by 31.2% during the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after purchasing an additional 280,430 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new stake in shares of Wal-Mart Stores during the 2nd quarter worth approximately $363,000. 30.58% of the stock is currently owned by institutional investors.
Wal-Mart Stores, Inc. (WMT) opened at $104.59 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $104.94. The stock has a market capitalization of $309,840.00, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 4.06 and a beta of 0.37.
Wal-Mart Stores declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the transaction, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,419,588 shares of company stock valued at $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.
Several analysts have recently weighed in on the company. Stephens set a $117.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday. Goldman Sachs Group set a $115.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Tuesday. Macquarie set a $85.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Thursday. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Saturday, January 13th. Finally, Vetr upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price for the company in a research report on Monday, November 27th. Eighteen research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $99.44.
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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