Investors Sell Shares of Wal-Mart Stores (WMT) on Strength on Insider Selling
Investors sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading on Wednesday after an insider sold shares in the company. $108.62 million flowed into the stock on the tick-up and $224.22 million flowed out of the stock on the tick-down, for a money net flow of $115.60 million out of the stock. Of all equities tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $1.06 for the day and closed at $97.76Specifically, insider Jacqueline P. Canney sold 1,586 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the transaction, the insider now directly owns 21,125 shares of the company’s stock, valued at approximately $1,668,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Chojnowski sold 684 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The disclosure for this sale can be found here. Insiders sold a total of 14,421,174 shares of company stock worth $1,366,398,832 over the last ninety days. 51.39% of the stock is currently owned by corporate insiders.
WMT has been the topic of a number of research reports. BMO Capital Markets reissued a “market weight” rating on shares of Wal-Mart Stores in a research note on Thursday, September 14th. Jefferies Group set a $105.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. Bank of America set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Barclays set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average target price of $92.96.
The stock has a market capitalization of $288,830.00, a price-to-earnings ratio of 22.08, a PEG ratio of 3.56 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.
Wal-Mart Stores announced that its board has authorized a stock buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of WMT. Winfield Associates Inc. increased its holdings in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after purchasing an additional 75 shares during the last quarter. TrimTabs Asset Management LLC increased its holdings in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in Wal-Mart Stores by 3.3% in 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 purchasing an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC increased its holdings in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after purchasing an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 30.65% 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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