Family Legacy Inc. Has $703,000 Position in Wal-Mart Stores Inc (WMT)

Family Legacy Inc. decreased its stake in shares of Wal-Mart Stores Inc (NYSE:WMT) by 42.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,000 shares of the retailer’s stock after selling 6,583 shares during the period. Wal-Mart Stores comprises about 1.8% of Family Legacy Inc.’s holdings, making the stock its 26th largest position. Family Legacy Inc.’s holdings in Wal-Mart Stores were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in WMT. Thompson Davis & CO. Inc. boosted its position 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 valued at $115,000 after buying an additional 1,252 shares during the last quarter. Hudock Capital Group LLC boosted its position 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 valued at $139,000 after buying an additional 7 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Wal-Mart Stores during the second quarter valued at approximately $149,000. Cable Hill Partners LLC boosted its position in shares of 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 valued at $168,000 after buying an additional 2,123 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Wal-Mart Stores during the third quarter valued at approximately $183,000. 30.62% of the stock is currently owned by institutional investors.

Wal-Mart Stores Inc (NYSE WMT) opened at $99.37 on Friday. Wal-Mart Stores Inc has a 1 year low of $67.56 and a 1 year high of $109.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The company has a market capitalization of $294,370.00, a price-to-earnings ratio of 26.43, a PEG ratio of 3.68 and a beta of 0.42.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Wal-Mart Stores Inc will post 4.43 earnings per share for the current fiscal year.

In related news, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction on 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 directly owns 48,757 shares in the company, valued at approximately $4,841,082.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the sale, the insider now owns 19,060 shares in the company, valued at $1,848,629.40. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 in the last ninety days. Insiders own 51.39% of the company’s stock.

WMT has been the topic of several research analyst reports. Citigroup raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $106.00 to $117.00 in a research report on Tuesday, December 19th. Goldman Sachs Group raised Wal-Mart Stores from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Wells Fargo & Co set a $101.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. Wolfe Research raised Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $100.37.

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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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Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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