ClariVest Asset Management LLC Sells 21,611 Shares of Wal-Mart Stores, Inc. (WMT)

ClariVest Asset Management LLC decreased its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 498,468 shares of the retailer’s stock after selling 21,611 shares during the quarter. Wal-Mart Stores makes up 0.9% of ClariVest Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. ClariVest Asset Management LLC’s holdings in Wal-Mart Stores were worth $38,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC increased its holdings in shares of Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Wal-Mart Stores by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after acquiring an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Wal-Mart Stores by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after acquiring an additional 1,689,364 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Wal-Mart Stores by 100.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after acquiring an additional 1,324,722 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its holdings in shares of Wal-Mart Stores by 128.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after acquiring an additional 1,158,519 shares during the last quarter. Institutional investors own 30.58% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $100.69 on Wednesday. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $102.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The firm has a market capitalization of $298,280.00, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.71 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. During the same period last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts predict that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.

Wal-Mart Stores announced that its board has approved a stock repurchase plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have recently commented on the company. Goldman Sachs Group set a $115.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Saturday. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price target on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada set a $106.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Friday, January 5th. Finally, UBS Group set a $100.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Eighteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $99.01.

In other news, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now directly owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory S. Foran sold 52,793 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $96.86, for a total value of $5,113,529.98. Following the completion of the sale, the insider now directly owns 121,457 shares of the company’s stock, valued at $11,764,325.02. The disclosure for this sale can be found here. Insiders sold a total of 12,419,588 shares of company stock valued at $1,207,333,538 over the last three months. Insiders own 51.39% of the company’s stock.

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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.

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

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