Traders Buy Wal-Mart Stores, Inc. (WMT) on Weakness
Investors purchased shares of Wal-Mart Stores, Inc. (NYSE:WMT) on weakness during trading hours on Tuesday. $290.28 million flowed into the stock on the tick-up and $215.72 million flowed out of the stock on the tick-down, for a money net flow of $74.56 million into the stock. Of all equities tracked, Wal-Mart Stores had the highest net in-flow for the day. Wal-Mart Stores traded down ($0.96) for the day and closed at $96.52
WMT has been the topic of a number of research analyst reports. CIBC cut their price target on shares of Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. BidaskClub raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Citigroup Inc. upped their price target on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Finally, Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $91.20.
The company has a market capitalization of $288,320.00, a PE ratio of 22.25, a P/E/G ratio of 3.60 and a beta of 0.34. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. equities research analysts forecast that Wal-Mart Stores, Inc. will post 4.42 earnings per share for the current 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 buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, insider Gregory S. Foran sold 52,793 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the sale, the insider now owns 121,457 shares of the company’s stock, valued at approximately $11,764,325.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 696,363 shares of Wal-Mart Stores stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $78.73, for a total transaction of $54,824,658.99. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $531,315,703.40. The disclosure for this sale can be found here. In the last three months, insiders sold 9,505,463 shares of company stock worth $753,034,763. Insiders own 51.39% of the company’s stock.
A number of large investors have recently bought and sold shares of WMT. Winfield Associates Inc. boosted its stake 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 acquiring an additional 75 shares in the last quarter. TrimTabs Asset Management LLC raised its holdings in Wal-Mart Stores by 89.2% in 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in Wal-Mart Stores by 3.3% in 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 last quarter. Thompson Davis & CO. Inc. raised its holdings in Wal-Mart Stores by 456.9% in 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 last quarter. Finally, Hudock Capital Group LLC raised its holdings in Wal-Mart Stores by 0.4% in 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 last quarter. 30.22% of the stock is currently owned by institutional investors and hedge funds.
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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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