Investors Sell Wal-Mart Stores Inc. (WMT) on Strength (WMT)
Investors sold shares of Wal-Mart Stores Inc. (NYSE:WMT) on strength during trading hours on Wednesday. $146.61 million flowed into the stock on the tick-up and $204.26 million flowed out of the stock on the tick-down, for a money net flow of $57.65 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 $0.68 for the day and closed at $73.82
WMT has been the subject of a number of research analyst reports. Barclays PLC reaffirmed an “equal weight” rating and issued a $70.00 price target (up previously from $61.00) on shares of Wal-Mart Stores in a report on Wednesday, March 30th. Goldman Sachs Group Inc. raised their price target on shares of Wal-Mart Stores from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, April 6th. Morgan Stanley set a $63.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Monday, May 9th. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.48 price target for the company in a report on Thursday, June 23rd. Finally, Nomura Holdings Inc. set a $70.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Thursday, April 28th. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $69.02.
The firm has a market cap of $230.07 billion and a PE ratio of 16.32. The firm has a 50 day moving average of $71.01 and a 200 day moving average of $67.38.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 19th. The retailer reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.10. During the same period in the previous year, the company posted $1.03 earnings per share. The business earned $115.90 billion during the quarter, compared to analyst estimates of $112.68 billion. Wal-Mart Stores’s revenue was up .9% on a year-over-year basis. On average, analysts predict that Wal-Mart Stores Inc. will post $4.26 earnings per share for the current year.
In other Wal-Mart Stores news, Director S Robson Walton sold 478,158 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $71.60, for a total transaction of $34,236,112.80. Following the sale, the director now directly owns 1,987,604 shares of the company’s stock, valued at approximately $142,312,446.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rosalind G. Brewer sold 10,794 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $71.65, for a total transaction of $773,390.10. Following the sale, the executive vice president now directly owns 285,749 shares in the company, valued at $20,473,915.85. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. boosted its stake in Wal-Mart Stores by 13.9% in the fourth quarter. YHB Investment Advisors Inc. now owns 16,686 shares of the retailer’s stock valued at $1,023,000 after buying an additional 2,040 shares in the last quarter. Fort Pitt Capital Group LLC purchased a new stake in Wal-Mart Stores during the fourth quarter valued at about $1,094,000. Moors & Cabot Inc. boosted its stake in Wal-Mart Stores by 2.8% in the fourth quarter. Moors & Cabot Inc. now owns 18,659 shares of the retailer’s stock valued at $1,137,000 after buying an additional 500 shares in the last quarter. Boltwood Capital Management boosted its stake in Wal-Mart Stores by 2.6% in the fourth quarter. Boltwood Capital Management now owns 19,494 shares of the retailer’s stock valued at $1,195,000 after buying an additional 500 shares in the last quarter. Finally, Parsons Capital Management Inc. RI boosted its stake in Wal-Mart Stores by 2.2% in the fourth quarter. Parsons Capital Management Inc. RI now owns 19,717 shares of the retailer’s stock valued at $1,209,000 after buying an additional 416 shares in the last quarter.
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S., Walmart International and Sam’s Club.
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