Traders Sell Wal-Mart Stores, Inc. (WMT) on Strength on Insider Selling

Investors sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading hours on Monday following insider selling activity. $247.42 million flowed into the stock on the tick-up and $387.76 million flowed out of the stock on the tick-down, for a money net flow of $140.34 million out of the stock. Of all stocks tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.01 for the day and closed at $97.48Specifically, Director S Robson Walton sold 129,628 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gregory S. Foran sold 52,793 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $96.86, for a total value of $5,113,529.98. Following the completion of the transaction, the insider now directly owns 121,457 shares in the company, valued at $11,764,325.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,505,463 shares of company stock worth $753,034,763. Company insiders own 51.39% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Monday. Goldman Sachs Group, Inc. (The) cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a report on Monday. They noted that the move was a valuation call. Jefferies Group LLC set a $110.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday. UBS AG reaffirmed a “hold” rating and issued a $91.00 target price on shares of Wal-Mart Stores in a report on Friday. Finally, J P Morgan Chase & Co set a $102.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.87.

The company has a market cap of $291,190.00, a PE ratio of 22.25, a PEG ratio of 3.60 and a beta of 0.34. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business earned $0.98 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts predict that Wal-Mart Stores, Inc. will post 4.42 earnings per share for the current year.

Wal-Mart Stores declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several large investors have recently made changes to their positions in WMT. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 440,343 shares during the period. State Street Corp boosted its holdings in shares of Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after purchasing an additional 854,010 shares during the period. FMR LLC boosted its holdings 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 purchasing an additional 5,608,785 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Wal-Mart Stores by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock valued at $1,156,909,000 after purchasing an additional 224,821 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings 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 purchasing an additional 174,296 shares during the period. Institutional investors and hedge funds own 30.22% 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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