AMI Investment Management Inc. Sells 6,075 Shares of Wal-Mart Stores, Inc. (WMT)
AMI Investment Management Inc. decreased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 13.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,121 shares of the retailer’s stock after selling 6,075 shares during the period. Wal-Mart Stores comprises approximately 1.9% of AMI Investment Management Inc.’s holdings, making the stock its 20th largest holding. AMI Investment Management Inc.’s holdings in Wal-Mart Stores were worth $3,057,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Indiana Trust & Investment Management CO raised its holdings in shares of Wal-Mart Stores by 2.5% in the 2nd quarter. Indiana Trust & Investment Management CO now owns 5,499 shares of the retailer’s stock worth $416,000 after buying an additional 135 shares in the last quarter. First PREMIER Bank raised its holdings in shares of Wal-Mart Stores by 7.7% in the 2nd quarter. First PREMIER Bank now owns 9,619 shares of the retailer’s stock worth $728,000 after buying an additional 691 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Wal-Mart Stores in the 2nd quarter worth approximately $2,243,000. Catawba Capital Management VA acquired a new position in shares of Wal-Mart Stores in the 2nd quarter worth approximately $230,000. Finally, Robinson Value Management Ltd. raised its holdings in shares of Wal-Mart Stores by 9.5% in the 2nd quarter. Robinson Value Management Ltd. now owns 28,986 shares of the retailer’s stock worth $2,194,000 after buying an additional 2,521 shares in the last quarter. 30.58% of the stock is owned by hedge funds and other institutional investors.
In other news, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the transaction, the director now directly owns 3,345,065 shares in the company, valued at approximately $322,430,815.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the transaction, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders sold a total of 12,419,588 shares of company stock worth $1,207,333,538 over the last quarter. Corporate insiders own 51.39% of the company’s stock.
Wal-Mart Stores, Inc. (WMT) opened at $100.02 on Friday. The company has a market capitalization of $296,300.00, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.69 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $102.35.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. equities research analysts predict that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its board has initiated a stock buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
A number of equities analysts have recently issued reports on WMT shares. Citigroup raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and increased their target price for the stock from $106.00 to $117.00 in a report on Tuesday, December 19th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Thursday, October 12th. Bank of America set a $100.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Wolfe Research upgraded Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Finally, Wells Fargo & Co set a $101.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $97.09.
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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