R. G. Niederhoffer Capital Management Inc. Boosts Stake in Wal-Mart Stores, Inc. (WMT)

R. G. Niederhoffer Capital Management Inc. grew its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 112.5% during the third quarter, HoldingsChannel.com reports. The firm owned 10,200 shares of the retailer’s stock after buying an additional 5,400 shares during the period. Wal-Mart Stores accounts for approximately 5.1% of R. G. Niederhoffer Capital Management Inc.’s holdings, making the stock its 8th largest holding. R. G. Niederhoffer Capital Management Inc.’s holdings in Wal-Mart Stores were worth $797,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its stake in shares of Wal-Mart Stores by 5.5% in the first quarter. Flagship Harbor Advisors LLC now owns 4,863 shares of the retailer’s stock worth $351,000 after buying an additional 252 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of Wal-Mart Stores by 11.0% in the first quarter. Driehaus Capital Management LLC now owns 5,022 shares of the retailer’s stock worth $362,000 after buying an additional 497 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Wal-Mart Stores by 21.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 40,447 shares of the retailer’s stock worth $2,915,000 after buying an additional 7,247 shares during the last quarter. Colony Group LLC bought a new stake in shares of Wal-Mart Stores in the first quarter worth $250,000. Finally, Green Square Capital LLC bought a new stake in shares of Wal-Mart Stores in the first quarter worth $267,000. Institutional investors own 30.58% of the company’s stock.

A number of brokerages recently issued reports on WMT. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Vetr lowered shares of Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 target price for the company. in a research note on Friday, November 17th. Telsey Advisory Group lowered their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, November 17th. Royal Bank of Canada boosted their target price on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the company an “underperform” rating in a research note on Friday, November 17th. Finally, Morgan Stanley boosted their target price on shares of Wal-Mart Stores from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $96.81.

In related news, major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.82, for a total value of $283,744,419.78. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the completion of the sale, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $100.39 on Wednesday. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $102.35. The stock has a market cap of $297,390.00, a price-to-earnings ratio of 26.70, a PEG ratio of 3.69 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts expect that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores announced that its board has authorized a stock repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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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Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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