Wal-Mart Stores, Inc. (WMT) Position Held by Hall Capital Management Co. Inc.
Hall Capital Management Co. Inc. 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,300 shares of the retailer’s stock at the end of the second quarter. Hall Capital Management Co. Inc.’s holdings in Wal-Mart Stores were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the business. QS Investors LLC increased its holdings in shares of Wal-Mart Stores by 1.8% during the 2nd quarter. QS Investors LLC now owns 359,815 shares of the retailer’s stock valued at $27,231,000 after acquiring an additional 6,289 shares during the last quarter. Cutler Investment Counsel LLC increased its holdings in shares of Wal-Mart Stores by 1.4% during the 2nd quarter. Cutler Investment Counsel LLC now owns 104,963 shares of the retailer’s stock valued at $7,944,000 after acquiring an additional 1,415 shares during the last quarter. Legg Mason Asset Management Japan Co. Ltd. increased its holdings in shares of Wal-Mart Stores by 91.8% during the 2nd quarter. Legg Mason Asset Management Japan Co. Ltd. now owns 32,600 shares of the retailer’s stock valued at $2,468,000 after acquiring an additional 15,600 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Wal-Mart Stores during the 2nd quarter valued at about $1,135,000. Finally, Summit Financial Wealth Advisors LLC increased its holdings in shares of Wal-Mart Stores by 9.6% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 9,241 shares of the retailer’s stock valued at $699,000 after acquiring an additional 808 shares during the last quarter. 30.65% of the stock is currently owned by institutional investors.
In other news, SVP David Chojnowski sold 684 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 1,319,133 shares of the stock in a transaction that occurred 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 directly owns 11,057,224 shares of the company’s stock, valued at $1,079,295,634.64. 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 quarter. Corporate insiders own 51.39% of the company’s stock.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down $0.23 during mid-day trading on Monday, hitting $96.55. The company’s stock had a trading volume of 5,821,000 shares, compared to its average volume of 8,923,303. 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, Inc. has a 52 week low of $65.28 and a 52 week high of $100.13. The company has a market cap of $286,760.00, a P/E ratio of 22.04, a P/E/G ratio of 3.56 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts expect that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.
Wal-Mart Stores declared that its Board of Directors has initiated a share buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
A number of research analysts have recently commented on the company. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. J P Morgan Chase & Co set a $80.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday, August 14th. UBS reissued a “neutral” rating and set a $84.00 price objective on shares of Wal-Mart Stores in a report on Sunday, August 20th. Oppenheimer reissued a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a report on Friday, August 18th. Finally, Royal Bank Of Canada increased their target price on Wal-Mart Stores from $76.00 to $77.00 and gave the company an “underperform” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $92.68.
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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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