Capital Planning Advisors LLC Cuts Holdings in Wal-Mart Stores Inc (WMT)

Capital Planning Advisors LLC decreased its holdings in shares of Wal-Mart Stores Inc (NYSE:WMT) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,855 shares of the retailer’s stock after selling 2,375 shares during the quarter. Capital Planning Advisors LLC’s holdings in Wal-Mart Stores were worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. 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 buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of Wal-Mart Stores by 3.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares in the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC lifted its holdings in shares of Wal-Mart Stores by 124.2% during the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares in the last quarter. 30.58% of the stock is owned by institutional investors and hedge funds.

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $96.99, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores Inc (NYSE:WMT) opened at $104.59 on Monday. Wal-Mart Stores Inc has a 12-month low of $65.28 and a 12-month high of $104.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The stock has a market capitalization of $309,840.00, a PE ratio of 27.82, a price-to-earnings-growth ratio of 4.13 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last released its earnings results 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 firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts forecast that Wal-Mart Stores Inc will post 4.44 EPS for the current year.

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

A number of research firms have recently weighed in on WMT. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Sunday. Macquarie set a $85.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Thursday. Goldman Sachs Group raised Wal-Mart Stores from a “neutral” rating to a “buy” rating in a report on Thursday. Stephens set a $117.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, Vetr raised 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, January 10th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Buy” and an average price target of $99.44.

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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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