Cambridge Investment Research Advisors Inc. raised its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 179,324 shares of the retailer’s stock after purchasing an additional 16,108 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Wal-Mart Stores were worth $14,012,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Voya Investment Management LLC boosted its holdings in shares of Wal-Mart Stores by 10.9% in the 2nd quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock valued at $225,760,000 after purchasing an additional 294,383 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of Wal-Mart Stores by 2.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock valued at $611,000 after purchasing an additional 200 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of Wal-Mart Stores by 23.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock valued at $158,610,000 after purchasing an additional 393,180 shares in the last quarter. Numeric Investors LLC boosted its holdings in shares of Wal-Mart Stores by 31.2% in the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock valued at $89,278,000 after purchasing an additional 280,430 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new stake in shares of Wal-Mart Stores in the 2nd quarter valued at $363,000. 30.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wal-Mart Stores, Inc. (WMT) opened at $100.87 on Monday. 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 company has a market capitalization of $298,820.00, a PE ratio of 26.83, a PEG ratio of 3.71 and a beta of 0.37. 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 issued its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.
Wal-Mart Stores announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have weighed in on WMT shares. Citigroup raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $106.00 to $117.00 in a report on Tuesday, December 19th. Wells Fargo & Co set a $101.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Thursday, October 12th. Bank of America set a $100.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Wolfe Research upgraded Wal-Mart Stores from an “underperform” rating to a “market perform” rating in a research note on Wednesday, December 20th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $98.46.
In other news, EVP John R. Furner sold 1,200 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 48,757 shares in the company, valued at approximately $4,841,082.53. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gregory S. Foran sold 52,793 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $96.86, for a total value of $5,113,529.98. Following the completion of the sale, the insider now owns 121,457 shares of the company’s stock, valued at $11,764,325.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is currently owned by company insiders.
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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.
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