Wal-Mart Stores, Inc. (WMT) Shares Sold by LVW Advisors LLC
LVW Advisors LLC cut its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,912 shares of the retailer’s stock after selling 393 shares during the quarter. LVW Advisors LLC’s holdings in Wal-Mart Stores were worth $2,415,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Security National Bank of SO Dak raised its stake in shares of Wal-Mart Stores by 2.6% in the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after purchasing an additional 386 shares during the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of Wal-Mart Stores by 2.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after purchasing an additional 200 shares during the last quarter. First Personal Financial Services raised its stake in shares of Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after purchasing an additional 3,434 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of Wal-Mart Stores by 23.1% in the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after purchasing an additional 393,180 shares during the last quarter. Finally, Berkshire Asset Management LLC PA raised its stake in shares of Wal-Mart Stores by 1.5% in the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock worth $10,500,000 after purchasing an additional 1,994 shares during the last quarter. Institutional investors own 30.22% of the company’s stock.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 621,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 684 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,856,436 shares of company stock worth $1,008,696,039. 51.39% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday. They noted that the move was a valuation call. KeyCorp restated a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays PLC restated a “buy” rating and issued a $110.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $84.00 price objective (up from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores presently has a consensus rating of “Hold” and an average target price of $92.38.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at $96.41 on Friday. 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 1-year low of $65.28 and a 1-year high of $100.13. The company has a market capitalization of $287,996.16, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 3.56 and a beta of 0.34.
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. 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 for the quarter, compared to analyst estimates of $120.23 billion. During the same period last year, the company earned $0.98 earnings per share. Wal-Mart Stores’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.
Wal-Mart Stores announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 10th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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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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