Academy Capital Management Inc. TX Reduces Stake in Wal-Mart Stores Inc. (WMT)
Academy Capital Management Inc. TX decreased its position in Wal-Mart Stores Inc. (NYSE:WMT) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,900 shares of the retailer’s stock after selling 1,273 shares during the period. Wal-Mart Stores comprises approximately 3.4% of Academy Capital Management Inc. TX’s holdings, making the stock its 13th largest position. Academy Capital Management Inc. TX’s holdings in Wal-Mart Stores were worth $12,830,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its stake in shares of Wal-Mart Stores by 1.6% in the second quarter. BlackRock Fund Advisors now owns 19,309,257 shares of the retailer’s stock valued at $1,409,962,000 after buying an additional 297,217 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Wal-Mart Stores by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 8,319,158 shares of the retailer’s stock valued at $607,461,000 after buying an additional 389,425 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Wal-Mart Stores by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,146,797 shares of the retailer’s stock valued at $594,878,000 after buying an additional 629,728 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Wal-Mart Stores by 2.6% in the second quarter. Legal & General Group Plc now owns 8,015,281 shares of the retailer’s stock valued at $585,236,000 after buying an additional 201,015 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Wal-Mart Stores by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,418,449 shares of the retailer’s stock valued at $541,665,000 after buying an additional 1,449,033 shares in the last quarter. 29.88% of the stock is owned by institutional investors and hedge funds.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.56% during midday trading on Friday, hitting $71.23. 4,234,383 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $69.50 and its 200-day moving average is $71.20. The stock has a market cap of $220.03 billion, a PE ratio of 15.45 and a beta of 0.10. Wal-Mart Stores Inc. has a 1-year low of $58.32 and a 1-year high of $75.19.
Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The firm earned $118.20 billion during the quarter, compared to the consensus estimate of $118.69 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Wal-Mart Stores’s revenue was up .5% compared to the same quarter last year. Analysts predict that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.
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WMT has been the subject of several analyst reports. Jefferies Group set a $86.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 4th. Deutsche Bank AG reissued a “hold” rating and issued a $77.00 price target (up previously from $68.00) on shares of Wal-Mart Stores in a research note on Tuesday, August 2nd. Royal Bank Of Canada dropped their price target on shares of Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating for the company in a research note on Friday, October 7th. Buckingham Research reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Thursday, August 18th. Finally, BMO Capital Markets dropped their price target on shares of Wal-Mart Stores from $67.00 to $63.00 and set an “underperform” rating for the company in a research note on Tuesday, October 11th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and a consensus target price of $74.96.
In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $482,118,555.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 75,063 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $69.08, for a total transaction of $5,185,352.04. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by corporate insiders.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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