United Asset Strategies Inc. Has $380,000 Position in Wal-Mart Stores, Inc. (WMT)
United Asset Strategies Inc. held its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,025 shares of the retailer’s stock at the close of the 2nd quarter. United Asset Strategies Inc.’s holdings in Wal-Mart Stores were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Winfield Associates Inc. raised 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised 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 last quarter. TrimTabs Asset Management LLC raised 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 last quarter. Kistler Tiffany Companies LLC raised 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 last quarter. Finally, Grove Bank & Trust raised its position in shares of Wal-Mart Stores by 49.8% during the 2nd quarter. Grove Bank & Trust now owns 2,015 shares of the retailer’s stock valued at $152,000 after acquiring an additional 670 shares during the last quarter. Institutional investors own 30.19% of the company’s stock.
In other Wal-Mart Stores news, Director S Robson Walton sold 129,628 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $80.44, for a total value of $10,427,276.32. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at $269,068,260.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 775,958 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $80.24, for a total transaction of $62,262,869.92. Following the completion of the transaction, the insider now owns 10,507,224 shares in the company, valued at $843,099,653.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,924,828 shares of company stock worth $785,676,492. Corporate insiders own 51.39% of the company’s stock.
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WMT has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) set a $84.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, July 17th. Royal Bank Of Canada set a $74.00 price target on shares of Wal-Mart Stores and gave the company a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Co reissued a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of “Hold” and an average price target of $84.38.
Wal-Mart Stores, Inc. (WMT) opened at 87.44 on Friday. The company has a market capitalization of $261.20 billion, a PE ratio of 21.01 and a beta of 0.29. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $87.45. The firm has a 50-day moving average of $81.17 and a 200 day moving average of $78.10.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.07 earnings per share. Analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
Wal-Mart Stores declared that its board has authorized a share buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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