Investors Sell Shares of Wal-Mart Stores, Inc. (WMT) on Strength (WMT)
Traders sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading on Monday. $74.41 million flowed into the stock on the tick-up and $242.63 million flowed out of the stock on the tick-down, for a money net flow of $168.22 million out of the stock. Of all companies tracked, Wal-Mart Stores had the 2nd highest net out-flow for the day. Wal-Mart Stores traded up $0.40 for the day and closed at $79.71
A number of brokerages recently commented on WMT. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird restated an “outperform” rating and issued a $85.00 price objective on shares of Wal-Mart Stores in a research report on Monday. UBS AG restated a “neutral” rating and issued a $84.00 price objective on shares of Wal-Mart Stores in a research report on Sunday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a research report on Friday. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a report on Friday. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $80.25.
The company has a market cap of $239.77 billion, a P/E ratio of 19.15 and a beta of 0.29. The firm’s 50-day moving average price is $78.09 and its 200 day moving average price is $74.64.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the prior year, the business posted $1.07 EPS. Wal-Mart Stores’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year.
In other news, 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 transaction, the insider now owns 23,854 shares in the company, valued at approximately $1,878,502.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total transaction of $202,627,882.60. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $530,775,817. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,680,238 shares of company stock worth $1,711,852,997. 51.39% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in WMT. Sentry Investment Management LLC raised its position in shares of Wal-Mart Stores by 1.0% in the second quarter. Sentry Investment Management LLC now owns 120,087 shares of the retailer’s stock valued at $9,088,000 after buying an additional 1,220 shares during the period. WFG Advisors LP raised its position in shares of Wal-Mart Stores by 9.1% in the second quarter. WFG Advisors LP now owns 14,770 shares of the retailer’s stock valued at $1,118,000 after buying an additional 1,235 shares during the period. Toronto Dominion Bank raised its position in shares of Wal-Mart Stores by 21.7% in the second quarter. Toronto Dominion Bank now owns 528,480 shares of the retailer’s stock valued at $39,992,000 after buying an additional 94,161 shares during the period. Cetera Investment Advisers raised its position in shares of Wal-Mart Stores by 23.5% in the second quarter. Cetera Investment Advisers now owns 21,685 shares of the retailer’s stock valued at $1,649,000 after buying an additional 4,130 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of Wal-Mart Stores by 13.1% in the second quarter. Advisory Services Network LLC now owns 18,980 shares of the retailer’s stock valued at $1,436,000 after buying an additional 2,198 shares during the period. Institutional investors own 30.00% of the company’s stock.
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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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