Burney Co. lessened its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,364 shares of the retailer’s stock after selling 2,430 shares during the period. Burney Co.’s holdings in Wal-Mart Stores were worth $5,950,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Winfield Associates Inc. lifted its holdings in shares of Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares during the period. TrimTabs Asset Management LLC lifted its holdings in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the period. Hudock Capital Group LLC lifted its holdings in Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its holdings in Wal-Mart Stores by 124.2% in the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after buying an additional 1,058 shares during the period. Institutional investors own 30.12% of the company’s stock.
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In related news, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacqueline P. Canney sold 1,586 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total transaction of $125,294.00. Following the sale, the insider now owns 21,125 shares in the company, valued at $1,668,875. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock worth $785,676,492 over the last 90 days. 51.39% of the stock is currently owned by corporate insiders.
Wal-Mart Stores, Inc. (WMT) opened at $90.99 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.18. The firm has a market cap of $271,810.00, a PE ratio of 20.85, a price-to-earnings-growth ratio of 3.39 and a beta of 0.34. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $91.98.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. equities research analysts anticipate that Wal-Mart Stores, Inc. will post 4.37 EPS for the current year.
Wal-Mart Stores announced that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
WMT has been the topic of several recent analyst reports. Cowen and Company set a $86.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) set a $84.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $87.27.
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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