Investors Sell Wal-Mart Stores Inc. (WMT) on Strength (WMT)
Traders sold shares of Wal-Mart Stores Inc. (NYSE:WMT) on strength during trading on Tuesday. $74.64 million flowed into the stock on the tick-up and $148.48 million flowed out of the stock on the tick-down, for a money net flow of $73.84 million out of the stock. Of all equities tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.20 for the day and closed at $73.54
A number of research firms have recently weighed in on WMT. Morgan Stanley reissued a “hold” rating and issued a $67.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, July 12th. Northcoast Research cut Wal-Mart Stores from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 12th. Jefferies Group reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Wednesday, July 6th. Deutsche Bank AG reissued a “hold” rating and issued a $77.00 price objective (up previously from $68.00) on shares of Wal-Mart Stores in a research report on Tuesday, August 2nd. Finally, Vetr cut Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $76.24 price target for the company. in a research report on Monday. Four research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $69.83.
The company has a 50-day moving average price of $73.15 and a 200-day moving average price of $69.29. The stock has a market cap of $227.64 billion and a P/E ratio of 16.15.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 19th. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.10. The company had revenue of $115.90 billion for the quarter, compared to analyst estimates of $112.68 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. Wal-Mart Stores’s revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Wal-Mart Stores Inc. will post $4.27 EPS for the current fiscal year.
In other news, EVP Rosalind G. Brewer sold 10,794 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $71.65, for a total transaction of $773,390.10. Following the completion of the transaction, the executive vice president now directly owns 285,749 shares of the company’s stock, valued at approximately $20,473,915.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 478,158 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $71.60, for a total transaction of $34,236,112.80. Following the transaction, the director now directly owns 1,987,604 shares of the company’s stock, valued at $142,312,446.40. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. Financial Counselors Inc. boosted its position in shares of Wal-Mart Stores by 19.9% in the fourth quarter. Financial Counselors Inc. now owns 144,782 shares of the retailer’s stock worth $8,875,000 after buying an additional 23,987 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Wal-Mart Stores by 2.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 477,440 shares of the retailer’s stock worth $29,267,000 after buying an additional 11,450 shares during the period. Arrow Financial Corp boosted its position in shares of Wal-Mart Stores by 46.4% in the fourth quarter. Arrow Financial Corp now owns 28,792 shares of the retailer’s stock worth $1,764,000 after buying an additional 9,119 shares during the period. SVA Plumb Wealth Management LLC boosted its position in shares of Wal-Mart Stores by 422.9% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 25,354 shares of the retailer’s stock worth $1,554,000 after buying an additional 20,505 shares during the period. Finally, Thornburg Investment Management Inc. acquired a new position in shares of Wal-Mart Stores during the fourth quarter worth $56,842,000.
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.