M Holdings Securities Inc. lowered its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,814 shares of the retailer’s stock after selling 3,579 shares during the quarter. M Holdings Securities Inc.’s holdings in Wal-Mart Stores were worth $1,500,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. Peddock Capital Advisors LLC boosted its position in Wal-Mart Stores by 13.9% during the first quarter. Peddock Capital Advisors LLC now owns 8,601 shares of the retailer’s stock worth $620,000 after purchasing an additional 1,047 shares during the period. Denver Investment Advisors LLC boosted its position in Wal-Mart Stores by 0.7% during the first quarter. Denver Investment Advisors LLC now owns 33,203 shares of the retailer’s stock worth $2,393,000 after purchasing an additional 240 shares during the period. Mosaic Family Wealth LLC boosted its position in Wal-Mart Stores by 36.6% during the first quarter. Mosaic Family Wealth LLC now owns 17,175 shares of the retailer’s stock worth $1,237,000 after purchasing an additional 4,605 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Wal-Mart Stores by 29.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,703 shares of the retailer’s stock worth $8,052,000 after purchasing an additional 25,380 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Wal-Mart Stores by 1.2% during the first quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock worth $595,995,000 after purchasing an additional 99,921 shares during the period. Institutional investors own 30.65% of the company’s stock.
A number of equities analysts have weighed in on the stock. Goldman Sachs Group lowered shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $90.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Barclays reiterated a “buy” rating and set a $110.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, November 21st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $84.00 target price (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $92.96.
Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. research analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.
Wal-Mart Stores announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In related 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 value of $67,914.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $536,309,652.60. The disclosure for this sale can be found here. Insiders sold 14,421,174 shares of company stock worth $1,366,398,832 over the last ninety days. 51.39% of the stock is currently owned by insiders.
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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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