Cedar Hill Associates LLC Invests $675,000 in Wal-Mart Stores Inc (WMT)

Cedar Hill Associates LLC acquired a new stake in Wal-Mart Stores Inc (NYSE:WMT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,648 shares of the retailer’s stock, valued at approximately $675,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thompson Davis & CO. Inc. increased its position 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 acquiring an additional 1,252 shares during the period. Hudock Capital Group LLC increased its position 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 acquiring an additional 7 shares during the period. Almanack Investment Partners LLC. bought a new position in Wal-Mart Stores during the second quarter worth about $149,000. Cable Hill Partners LLC increased its position in Wal-Mart Stores by 8,165.4% during the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after acquiring an additional 2,123 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Wal-Mart Stores during the third quarter worth about $183,000. 30.62% of the stock is currently owned by institutional investors.

Shares of Wal-Mart Stores Inc (WMT) opened at $100.90 on Wednesday. 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 Inc has a 1 year low of $66.51 and a 1 year high of $109.98. The company has a market cap of $298,900.00, a P/E ratio of 26.84, a P/E/G ratio of 3.76 and a beta of 0.42.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the consensus estimate 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 business had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. analysts predict that Wal-Mart Stores Inc will post 4.43 earnings per share for the current year.

Wal-Mart Stores declared that its board has initiated a stock repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 1,002,210 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $96.23, for a total transaction of $96,442,668.30. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $649,415,853.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the insider now owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is owned by corporate insiders.

Several research firms have commented on WMT. Telsey Advisory Group decreased their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock 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. Moffett Nathanson began coverage on shares of Wal-Mart Stores in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Wells Fargo & Co set a $101.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Eighteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Buy” and an average target price of $100.01.

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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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