Wal-Mart Stores, Inc. (WMT) Holdings Cut by 361 Capital LLC

361 Capital LLC decreased its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 50.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,858 shares of the retailer’s stock after selling 45,178 shares during the period. 361 Capital LLC’s holdings in Wal-Mart Stores were worth $3,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares during the period. FMR LLC grew its holdings in shares of Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Wal-Mart Stores by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock worth $1,103,426,000 after acquiring an additional 580,373 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Wal-Mart Stores by 1.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock worth $701,080,000 after acquiring an additional 174,296 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Wal-Mart Stores by 7.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,874,416 shares of the retailer’s stock worth $671,623,000 after acquiring an additional 607,827 shares during the period. Institutional investors own 30.58% of the company’s stock.

Wal-Mart Stores, Inc. (WMT) opened at $100.69 on Wednesday. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $102.35. The firm has a market capitalization of $298,280.00, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.71 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 issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The business’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 earnings per share for the current year.

Wal-Mart Stores declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts recently weighed in on WMT shares. Robert W. Baird set a $90.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a 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 report on Tuesday, October 3rd. KeyCorp restated a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Jefferies Group upped their price target on Wal-Mart Stores from $93.00 to $97.00 and gave the stock a “buy” rating in a report 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 report on Tuesday, October 10th. Eighteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $99.01.

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the stock in a transaction on Friday, November 17th. The stock was 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 of the company’s stock, valued at approximately $4,841,082.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.82, for a total value of $283,744,419.78. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.

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

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