Buckingham Asset Management LLC reduced its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,360 shares of the retailer’s stock after selling 1,387 shares during the quarter. Buckingham Asset Management LLC’s holdings in Wal-Mart Stores were worth $1,982,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in Wal-Mart Stores by 3.3% in the second 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 in the last quarter. Thompson Davis & CO. Inc. raised its holdings in Wal-Mart Stores by 456.9% in the second 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 in the last quarter. Hudock Capital Group LLC raised its holdings in Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its holdings in Wal-Mart Stores by 124.2% in the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after purchasing an additional 1,058 shares in the last quarter. Hedge funds and other institutional investors own 30.58% of the company’s stock.
A number of equities analysts have commented on WMT shares. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Wells Fargo & Co set a $101.00 target price on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a report on Wednesday, December 27th. Jefferies Group set a $105.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, November 14th. Bank of America set a $100.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. Eighteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $99.98.
Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $102.70 on Thursday. The company has a market capitalization of $304,240.00, a P/E ratio of 27.31, a P/E/G ratio of 3.71 and a beta of 0.37. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $102.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.
Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. Wal-Mart Stores’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. equities analysts expect that Wal-Mart Stores, Inc. will post 4.44 EPS for the current year.
Wal-Mart Stores announced that its Board of Directors has approved a share buyback plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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