Wal-Mart Stores, Inc. (WMT) Holdings Cut by Lesa Sroufe & Co

Lesa Sroufe & Co trimmed its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,779 shares of the retailer’s stock after selling 1,245 shares during the period. Wal-Mart Stores makes up 3.4% of Lesa Sroufe & Co’s portfolio, making the stock its 16th biggest holding. Lesa Sroufe & Co’s holdings in Wal-Mart Stores were worth $3,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. lifted its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after buying an additional 440,343 shares during the period. FMR LLC lifted its stake in shares of Wal-Mart Stores by 45.3% in the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Wal-Mart Stores by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after buying an additional 580,373 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Wal-Mart Stores by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after buying an additional 174,296 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Wal-Mart Stores by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock valued at $696,979,000 after buying an additional 45,217 shares during the period. Institutional investors own 30.58% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Goldman Sachs Group upgraded shares of Wal-Mart Stores from a “neutral” rating to a “conviction-buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Saturday, January 13th. Stephens set a $117.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 target price for the company in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group reduced 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. Seventeen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Buy” and a consensus price target of $99.98.

Wal-Mart Stores, Inc. (NYSE:WMT) opened at $102.70 on Thursday. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $102.94. 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 stock has a market cap of $298,282.25, a PE ratio of 27.31, a P/E/G ratio of 3.98 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. analysts expect that Wal-Mart Stores, Inc. will post 4.44 EPS for the current fiscal year.

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

In other news, SVP David Chojnowski sold 684 shares of the firm’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 transaction of $67,914.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. Company 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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