R. G. Niederhoffer Capital Management Inc. Buys New Holdings in Wal-Mart Stores, Inc. (WMT)

R. G. Niederhoffer Capital Management Inc. bought a new position in Wal-Mart Stores, Inc. (NYSE:WMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,800 shares of the retailer’s stock, valued at approximately $363,000. Wal-Mart Stores makes up approximately 3.0% of R. G. Niederhoffer Capital Management Inc.’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds have also modified their holdings of WMT. Venturi Wealth Management LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at approximately $563,000. Zweig DiMenna Associates LLC bought a new stake in shares of Wal-Mart Stores during the second quarter valued at approximately $424,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Wal-Mart Stores by 2.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 76,815 shares of the retailer’s stock valued at $5,813,000 after acquiring an additional 2,015 shares in the last quarter. Ifrah Financial Services Inc. increased its holdings in shares of Wal-Mart Stores by 9.9% during the second quarter. Ifrah Financial Services Inc. now owns 19,934 shares of the retailer’s stock valued at $1,509,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Geneva Advisors LLC increased its holdings in shares of Wal-Mart Stores by 3.0% during the second quarter. Geneva Advisors LLC now owns 24,625 shares of the retailer’s stock valued at $1,864,000 after acquiring an additional 721 shares in the last quarter. Institutional investors and hedge funds own 30.12% of the company’s stock.

In other news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 621,500 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $78.28, for a total value of $48,651,020.00. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at $528,278,842.40. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock worth $785,676,492 over the last 90 days. Corporate insiders own 51.39% of the company’s stock.

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Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up $0.62 during midday trading on Monday, reaching $90.92. The company’s stock had a trading volume of 7,647,800 shares, compared to its average volume of 8,693,536. The company has a market cap of $271,596.41, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.18. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $91.69.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. sell-side analysts expect that Wal-Mart Stores, Inc. will post 4.37 EPS for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

WMT has been the subject of several recent research reports. BidaskClub upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morningstar, Inc. restated a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. Vetr downgraded Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 price objective for the company. in a report on Monday, July 17th. Citigroup Inc. upped their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.27.

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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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