Victory Capital Management Inc. decreased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,382 shares of the retailer’s stock after selling 36,079 shares during the quarter. Victory Capital Management Inc.’s holdings in Wal-Mart Stores were worth $24,878,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Mosaic Family Wealth LLC raised its holdings in Wal-Mart Stores by 9.0% during the third quarter. Mosaic Family Wealth LLC now owns 13,608 shares of the retailer’s stock worth $1,064,000 after purchasing an additional 1,122 shares in the last quarter. Lee Danner & Bass Inc. raised its holdings in Wal-Mart Stores by 15.3% during the third quarter. Lee Danner & Bass Inc. now owns 105,956 shares of the retailer’s stock worth $8,279,000 after purchasing an additional 14,022 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Wal-Mart Stores during the third quarter worth approximately $20,256,000. Callahan Advisors LLC raised its holdings in Wal-Mart Stores by 11.6% during the third quarter. Callahan Advisors LLC now owns 79,317 shares of the retailer’s stock worth $6,198,000 after purchasing an additional 8,246 shares in the last quarter. Finally, Delta Asset Management LLC TN raised its holdings in Wal-Mart Stores by 0.5% during the third quarter. Delta Asset Management LLC TN now owns 137,698 shares of the retailer’s stock worth $10,760,000 after purchasing an additional 648 shares in the last quarter. 30.58% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on WMT. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Vetr raised shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 price objective on the stock in a report on Monday, November 27th. Royal Bank of Canada set a $106.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Friday, January 5th. UBS Group set a $100.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Thursday, January 4th. Finally, ValuEngine raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $97.09.
In other Wal-Mart Stores news, insider Gregory S. Foran sold 52,793 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the sale, the insider now directly owns 121,457 shares in the company, valued at approximately $11,764,325.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the business’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 sale, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 over the last 90 days. Insiders own 51.39% of the company’s stock.
Wal-Mart Stores, Inc. (NYSE:WMT) opened at $100.87 on Friday. Wal-Mart Stores, Inc. has a 1 year low of $65.28 and a 1 year high of $102.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The firm has a market cap of $298,820.00, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.69 and a beta of 0.37.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $120.23 billion. During the same period last year, the firm posted $0.98 EPS. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.
Wal-Mart Stores announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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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