Quantbot Technologies LP acquired a new stake in Wal-Mart Stores, Inc. (NYSE:WMT) during the third quarter, according to its most recent filing with the SEC. The firm acquired 20,791 shares of the retailer’s stock, valued at approximately $1,624,000.
A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after purchasing an additional 440,343 shares in the last quarter. FMR LLC boosted its position in shares of Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after purchasing an additional 5,608,785 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Wal-Mart Stores by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock worth $1,103,426,000 after purchasing an additional 580,373 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Wal-Mart Stores by 1.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock worth $701,080,000 after purchasing an additional 174,296 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Wal-Mart Stores by 7.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,874,416 shares of the retailer’s stock worth $671,623,000 after purchasing an additional 607,827 shares in the last quarter. Hedge funds and other institutional investors own 30.58% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (WMT) opened at $100.87 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $298,820.00, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.71 and a beta of 0.37. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $102.35.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations 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 was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. equities research analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores announced that its Board of Directors has initiated a share buyback program on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 1,002,210 shares of Wal-Mart Stores stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $96.23, for a total value of $96,442,668.30. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $649,415,853.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 826,617 shares of the business’s stock in a transaction dated 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 sale, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. Insiders sold a total of 12,419,588 shares of company stock valued at $1,207,333,538 in the last 90 days. 51.39% of the stock is owned by company insiders.
WMT has been the topic of several research analyst reports. Robert W. Baird set a $90.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Goldman Sachs Group set a $87.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. KeyCorp reaffirmed a “buy” rating and set a $90.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Jefferies Group lifted their price target on Wal-Mart Stores from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Bank of America set a $100.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Eighteen 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’s stock. The stock has a consensus rating of “Buy” and an average price target of $98.46.
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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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