Traders Sell Wal-Mart Stores, Inc. (WMT) on Strength (WMT)

Traders sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading hours on Thursday. $61.56 million flowed into the stock on the tick-up and $143.03 million flowed out of the stock on the tick-down, for a money net flow of $81.47 million out of the stock. Of all stocks tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.18 for the day and closed at $86.40

WMT has been the subject of several research analyst reports. BidaskClub upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, July 27th. Goldman Sachs Group Inc set a $84.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Wednesday, July 26th. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $84.38.

The firm has a 50-day moving average price of $81.17 and a 200 day moving average price of $78.10. The firm has a market cap of $261.20 billion, a PE ratio of 21.01 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter last year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.

Wal-Mart Stores declared that its board has approved a stock buyback program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In related news, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction that occurred on 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 sale, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The transaction 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 474,042 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,924,828 shares of company stock worth $785,676,492. Insiders own 51.39% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Winfield Associates Inc. raised 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 purchasing an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised 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 purchasing an additional 45 shares during the period. TrimTabs Asset Management LLC raised 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 purchasing an additional 696 shares during the period. Thompson Davis & CO. Inc. raised 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 purchasing an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC raised 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&

WMT has been the subject of several research analyst reports. BidaskClub upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, July 27th. Goldman Sachs Group Inc set a $84.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Wednesday, July 26th. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $84.38.

The firm has a 50-day moving average price of $81.17 and a 200 day moving average price of $78.10. The firm has a market cap of $261.20 billion, a PE ratio of 21.01 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter last year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.

Wal-Mart Stores declared that its board has approved a stock buyback program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In related news, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction that occurred on 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 sale, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The transaction 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 474,042 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,924,828 shares of company stock worth $785,676,492. Insiders own 51.39% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Winfield Associates Inc. raised 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 purchasing an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised 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 purchasing an additional 45 shares during the period. TrimTabs Asset Management LLC raised 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 purchasing an additional 696 shares during the period. Thompson Davis & CO. Inc. raised 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 purchasing an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC raised 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 purchasing an additional 7 shares during the period. 30.19% of the stock is currently owned by institutional investors.

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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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