Wal-Mart Stores, Inc. (NYSE:WMT) Shares Sold by Focused Investors LLC
Focused Investors LLC reduced its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 19.2% during the second quarter, Holdings Channel reports. The fund owned 1,603,400 shares of the retailer’s stock after selling 380,600 shares during the period. Wal-Mart Stores comprises approximately 5.2% of Focused Investors LLC’s holdings, making the stock its 8th largest position. Focused Investors LLC’s holdings in Wal-Mart Stores were worth $121,345,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Gemmer Asset Management LLC increased its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after buying an additional 10 shares during the last quarter. Asset Planning Services Ltd. increased its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in shares of Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after buying an additional 15 shares during the last quarter. Alexandria Capital LLC increased its stake in shares of Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares during the last quarter. Finally, Sterneck Capital Management LLC increased its stake in shares of Wal-Mart Stores by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after buying an additional 22 shares during the last quarter. 30.12% of the stock is owned by institutional investors and hedge funds.
Shares of Wal-Mart Stores, Inc. (WMT) traded down 0.48% during midday trading on Friday, reaching $80.48. 7,141,805 shares of the company’s stock were exchanged. The stock has a market cap of $242.61 billion, a PE ratio of 18.27 and a beta of 0.29. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.40. The stock’s 50 day moving average is $76.55 and its 200-day moving average is $73.51.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts expect that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.
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A number of brokerages have issued reports on WMT. Pacific Crest downgraded shares of Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $74.00 price objective on shares of Wal-Mart Stores in a research report on Friday, May 5th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reissued a “neutral” rating and set a $80.00 target price (up from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Finally, Citigroup Inc. set a $78.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $78.86.
In other news, insider David Chojnowski sold 5,142 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $79.36, for a total value of $408,069.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jacqueline P. Canney sold 1,322 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total transaction of $104,107.50. Following the completion of the sale, the insider now directly owns 23,854 shares in the company, valued at approximately $1,878,502.50. The disclosure for this sale can be found here. In the last three months, insiders sold 23,006,720 shares of company stock worth $1,816,131,604. Insiders own 51.39% of the company’s stock.
About Wal-Mart Stores
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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