Petrus Trust Company LTA Maintains Holdings in Wal-Mart Stores, Inc. (WMT)
Petrus Trust Company LTA continued to hold its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,126 shares of the retailer’s stock at the end of the second quarter. Petrus Trust Company LTA’s holdings in Wal-Mart Stores were worth $5,004,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Winfield Associates Inc. lifted its holdings in 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 during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in 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 during the period. TrimTabs Asset Management LLC lifted its holdings in Wal-Mart Stores by 89.2% during the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in 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 during the period. Finally, Hudock Capital Group LLC lifted its holdings in 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 during the period. 30.40% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the company. Vetr lowered Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 target price for the company. in a report on Friday, November 17th. Telsey Advisory Group lowered their target price on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 17th. Royal Bank Of Canada upped their target price on Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a report on Friday, November 17th. Morgan Stanley upped their target price on Wal-Mart Stores from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Finally, BMO Capital Markets upped their target price on Wal-Mart Stores from $91.00 to $99.00 and gave the stock a “market perform” rating in a report on Friday, November 17th. They noted that the move was a valuation call. One investment 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 given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $92.68.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down $0.23 on Friday, hitting $96.55. The stock had a trading volume of 5,753,261 shares, compared to its average volume of 11,072,982. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13. 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 stock has a market cap of $286,018.00, a price-to-earnings ratio of 22.04, a PEG ratio of 3.56 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. research analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores declared that its Board of Directors has initiated a share buyback program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, major shareholder Jim C. Walton sold 1,319,133 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total value of $128,760,572.13. Following the completion of the transaction, the insider now owns 11,057,224 shares in the company, valued at approximately $1,079,295,634.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 1,586 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the transaction, the insider now owns 21,125 shares of the company’s stock, valued at approximately $1,668,875. The disclosure for this sale can be found here. Insiders sold a total of 14,419,109 shares of company stock valued at $1,366,198,547 in the last 90 days. 51.39% of the stock is currently owned by company insiders.
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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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