Boston Research & Management Inc. Has $3.63 Million Stake in Wal-Mart Stores, Inc. (WMT)
Boston Research & Management Inc. reduced its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,932 shares of the retailer’s stock after selling 160 shares during the quarter. Wal-Mart Stores makes up about 2.0% of Boston Research & Management Inc.’s portfolio, making the stock its 16th largest position. Boston Research & Management Inc.’s holdings in Wal-Mart Stores were worth $3,627,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of WMT. Winfield Associates Inc. lifted its position in shares of Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after acquiring an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in shares of Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares during the period. TrimTabs Asset Management LLC lifted its position in shares of Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after acquiring an additional 696 shares during the period. Hudock Capital Group LLC lifted its position in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its position in shares of Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after acquiring an additional 1,058 shares during the period. 30.15% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the stock. UBS AG set a $91.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada set a $83.00 target price on shares of Wal-Mart Stores and gave the company a “sell” rating in a research report on Friday. Robert W. Baird reiterated an “outperform” rating and set a $95.00 target price (up previously from $90.00) on shares of Wal-Mart Stores in a research report on Thursday. Morgan Stanley set a $90.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research report on Wednesday. Finally, Vetr upgraded shares of Wal-Mart Stores from a “strong sell” rating to a “hold” rating and set a $87.80 target price on the stock in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $86.65.
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In other news, major shareholder Alice L. Walton sold 621,500 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $78.28, for a total value of $48,651,020.00. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock valued at $785,676,492 in the last quarter. Company insiders own 51.39% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE WMT) opened at $90.92 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.51. The firm has a market cap of $269,950.00, a PE ratio of 20.70, a price-to-earnings-growth ratio of 3.50 and a beta of 0.34. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $91.69.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned $1.07 earnings per share. sell-side analysts expect that Wal-Mart Stores, Inc. will post 4.37 EPS for the current fiscal year.
Wal-Mart Stores announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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