Wal-Mart Stores, Inc. (WMT) Position Lessened by Commerzbank Aktiengesellschaft FI
Commerzbank Aktiengesellschaft FI decreased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 6.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 478,692 shares of the retailer’s stock after selling 31,364 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Wal-Mart Stores were worth $36,227,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pinnacle Associates Ltd. raised its stake in Wal-Mart Stores by 2.4% during the second quarter. Pinnacle Associates Ltd. now owns 44,372 shares of the retailer’s stock worth $3,358,000 after purchasing an additional 1,048 shares during the period. Cedar Capital LLC purchased a new position in Wal-Mart Stores during the second quarter worth approximately $250,000. Oppenheimer Asset Management Inc. raised its stake in Wal-Mart Stores by 67.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 21,395 shares of the retailer’s stock worth $1,619,000 after purchasing an additional 8,634 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Wal-Mart Stores by 4.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 126,967 shares of the retailer’s stock valued at $9,608,000 after acquiring an additional 5,893 shares during the period. Finally, Cipher Capital LP purchased a new position in shares of Wal-Mart Stores in the 2nd quarter valued at $3,610,000. 30.12% of the stock is currently owned by institutional investors and hedge funds.
Wal-Mart Stores, Inc. (NYSE WMT) opened at $91.09 on Wednesday. The firm has a market cap of $272,100.00, a P/E ratio of 20.85, a PEG ratio of 3.39 and a beta of 0.34. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $91.98.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. research analysts predict that Wal-Mart Stores, Inc. will post 4.37 EPS for the current year.
Wal-Mart Stores declared that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
WMT has been the topic of a number of research reports. BidaskClub raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) set a $84.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Wednesday, July 26th. Cowen and Company set a $86.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores presently has an average rating of “Hold” and an average price target of $87.54.
In related news, insider Jacqueline P. Canney sold 1,586 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total transaction of $125,294.00. Following the transaction, the insider now directly owns 21,125 shares of the company’s stock, valued at $1,668,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 129,628 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at $269,068,260.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,924,828 shares of company stock worth $785,676,492. 51.39% of the stock is currently owned by insiders.
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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