Investors Sell Wal-Mart Stores, Inc. (WMT) on Strength (WMT)
Investors sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading hours on Monday. $66.06 million flowed into the stock on the tick-up and $115.45 million flowed out of the stock on the tick-down, for a money net flow of $49.39 million out of the stock. Of all stocks tracked, Wal-Mart Stores had the 12th highest net out-flow for the day. Wal-Mart Stores traded up $0.31 for the day and closed at $78.45
Several equities research analysts recently weighed in on WMT shares. KeyCorp restated a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Vetr downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price target on the stock. in a report on Monday, June 19th. BidaskClub downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Jefferies Group LLC set a $88.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and a consensus price target of $80.52.
The firm has a market capitalization of $234.35 billion, a price-to-earnings ratio of 18.85 and a beta of 0.29. The stock’s 50-day moving average price is $79.45 and its 200-day moving average price is $76.88.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. Equities analysts predict that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
In other news, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction 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 transaction, the insider now owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Robson Walton sold 2,117,863 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $78.45, for a total value of $166,146,352.35. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,924,828 shares of company stock worth $785,676,492. Company insiders own 51.39% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Perpetual Ltd grew its position in Wal-Mart Stores by 6.5% in the second quarter. Perpetual Ltd now owns 14,852 shares of the retailer’s stock valued at $1,124,000 after acquiring an additional 900 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new position in Wal-Mart Stores during the second quarter worth about $185,000. Frontier Investment Mgmt Co. acquired a new position in Wal-Mart Stores during the second quarter worth about $12,983,000. W. E. Donoghue & Co. LLC acquired a new position in Wal-Mart Stores during the second quarter worth about $2,149,000. Finally, Intl Fcstone Inc. acquired a new position in Wal-Mart Stores during the second quarter worth about $542,000. 30.19% of the stock is currently owned by institutional investors and hedge funds.
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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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