Tower Bridge Advisors Sells 580 Shares of Wal-Mart Stores, Inc. (WMT)

Tower Bridge Advisors trimmed its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,285 shares of the retailer’s stock after selling 580 shares during the quarter. Tower Bridge Advisors’ holdings in Wal-Mart Stores were worth $10,337,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC increased its holdings in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after acquiring an additional 10 shares in the last quarter. LLBH Private Wealth Management LLC increased its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after acquiring an additional 24 shares in the last quarter. Edgemoor Investment Advisors Inc. increased its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after acquiring an additional 24 shares in the last quarter. Finally, Telemus Capital LLC increased its holdings in Wal-Mart Stores by 1.1% in the 2nd quarter. Telemus Capital LLC now owns 3,633 shares of the retailer’s stock worth $275,000 after acquiring an additional 38 shares in the last quarter. 30.58% of the stock is owned by institutional investors.

In other news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the sale, the insider now owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Royal Bank of Canada set a $106.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Friday, January 5th. Vetr raised 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 report on Wednesday. Robert W. Baird set a $110.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, UBS Group set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus target price of $97.09.

Shares of Wal-Mart Stores, Inc. (WMT) opened at $99.67 on Thursday. The stock has a market capitalization of $295,260.00, a price-to-earnings ratio of 26.51, a P/E/G ratio of 3.69 and a beta of 0.37. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $102.35. 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 (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the 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 the consensus estimate of $120.23 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

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

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About Wal-Mart Stores

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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