Adams Asset Advisors LLC Grows Stake in Wal-Mart Stores, Inc. (WMT)

Adams Asset Advisors LLC raised its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,250 shares of the retailer’s stock after purchasing an additional 2,510 shares during the quarter. Wal-Mart Stores accounts for approximately 0.8% of Adams Asset Advisors LLC’s portfolio, making the stock its 24th largest holding. Adams Asset Advisors LLC’s holdings in Wal-Mart Stores were worth $6,036,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Cutter & CO Brokerage Inc. raised its holdings in shares of Wal-Mart Stores by 2.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock valued at $611,000 after buying an additional 200 shares during the period. State of Wisconsin Investment Board raised its holdings in shares of Wal-Mart Stores by 23.1% during 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 buying an additional 393,180 shares during the period. Numeric Investors LLC raised its holdings in shares of Wal-Mart Stores by 31.2% during the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock valued at $89,278,000 after buying an additional 280,430 shares during the period. Berkshire Asset Management LLC PA raised its holdings in shares of Wal-Mart Stores by 1.5% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock valued at $10,500,000 after buying an additional 1,994 shares during the period. Finally, R. G. Niederhoffer Capital Management Inc. purchased a new stake in shares of Wal-Mart Stores during the 2nd quarter valued at about $363,000. Institutional investors own 30.65% of the company’s stock.

In related news, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the transaction, the insider now owns 19,060 shares in the company, valued at approximately $1,848,629.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 684 shares of the business’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 disclosure for this sale can be found here. Insiders have sold a total of 14,421,174 shares of company stock valued at $1,366,398,832 in the last 90 days. Insiders own 51.39% of the company’s stock.

Several brokerages recently commented on WMT. Citigroup set a $117.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and set a $100.00 target price (up from $92.00) on shares of Wal-Mart Stores in a report on Tuesday, December 12th. Vetr upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price on the stock in a report on Monday, November 27th. Robert W. Baird reiterated a “buy” rating and set a $85.00 target price on shares of Wal-Mart Stores in a report on Sunday, September 17th. Finally, Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.23.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $97.90 on Tuesday. The company has a market capitalization of $289,990.00, a P/E ratio of 22.17, a PEG ratio of 3.58 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. research 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 has initiated a share buyback plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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