USA Financial Portformulas Corp increased its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 39.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 51,914 shares of the retailer’s stock after buying an additional 14,662 shares during the quarter. Wal-Mart Stores accounts for approximately 1.0% of USA Financial Portformulas Corp’s portfolio, making the stock its 27th largest holding. USA Financial Portformulas Corp’s holdings in Wal-Mart Stores were worth $4,057,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of WMT. One Capital Management LLC lifted its holdings in Wal-Mart Stores by 5.7% during the third quarter. One Capital Management LLC now owns 28,807 shares of the retailer’s stock valued at $2,251,000 after purchasing an additional 1,554 shares during the last quarter. PARK CIRCLE Co purchased a new stake in Wal-Mart Stores during the third quarter valued at about $1,250,000. Klingenstein Fields & Co. LLC lifted its holdings in Wal-Mart Stores by 5.2% during the third quarter. Klingenstein Fields & Co. LLC now owns 38,899 shares of the retailer’s stock valued at $3,040,000 after purchasing an additional 1,915 shares during the last quarter. Rockland Trust Co. lifted its holdings in Wal-Mart Stores by 0.8% during the third quarter. Rockland Trust Co. now owns 156,288 shares of the retailer’s stock valued at $12,212,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Legacy Advisors LLC purchased a new stake in Wal-Mart Stores during the third quarter valued at about $191,000. 30.58% of the stock is currently owned by institutional investors.
In related news, SVP David Chojnowski sold 684 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following 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. Over the last 90 days, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is owned by company insiders.
Wal-Mart Stores, Inc. (NYSE WMT) opened at $99.54 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The firm has a market cap of $294,880.00, a P/E ratio of 26.47, a P/E/G ratio of 3.63 and a beta of 0.37. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $100.13.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.
Wal-Mart Stores declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have recently weighed in on WMT shares. UBS Group set a $100.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird set a $110.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Co set a $101.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday. ValuEngine upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Wolfe Research upgraded Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, fifteen 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 a consensus price target of $96.45.
Wal-Mart Stores 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.
Receive News & Ratings for Wal-Mart Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores and related companies with MarketBeat.com's FREE daily email newsletter.