Wal-Mart Stores, Inc. (WMT) Stake Increased by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC increased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 24,784.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,884 shares of the retailer’s stock after purchasing an additional 24,784 shares during the period. Cubist Systematic Strategies LLC’s holdings in Wal-Mart Stores were worth $1,883,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WMT. Winfield Associates Inc. lifted its holdings in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after acquiring an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after acquiring an additional 45 shares during the last quarter. TrimTabs Asset Management LLC lifted its holdings in shares of Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares during the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC lifted its holdings in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 30.65% of the company’s stock.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,000,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $536,309,652.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 1,200 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares of the company’s stock, valued at $4,841,082.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,419,109 shares of company stock valued at $1,366,198,547. Company insiders own 51.39% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Vetr lowered shares of Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price objective for the company. in a report on Friday, November 17th. Telsey Advisory Group decreased their price objective on shares of 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 lifted their price objective on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the company an “underperform” rating in a report on Friday, November 17th. Morgan Stanley lifted their price objective on shares of Wal-Mart Stores from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Finally, BMO Capital Markets lifted their price objective on shares of Wal-Mart Stores from $91.00 to $99.00 and gave the company a “market perform” rating in a report on Friday, November 17th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $92.96.
Wal-Mart Stores, Inc. (NYSE:WMT) traded up $0.38 on Tuesday, hitting $96.93. 8,928,900 shares of the company traded hands, compared to its average volume of 8,923,326. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $100.13. The firm has a market cap of $286,018.00, a PE ratio of 22.04, a P/E/G ratio of 3.56 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. During the same period in the previous year, the business posted $0.98 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.
Wal-Mart Stores announced that its board has initiated a share buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership 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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