Hartford Financial Management Inc. Sells 1,900 Shares of Wal-Mart Stores Inc (WMT)

Hartford Financial Management Inc. decreased its holdings in shares of Wal-Mart Stores Inc (NYSE:WMT) by 28.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,711 shares of the retailer’s stock after selling 1,900 shares during the quarter. Hartford Financial Management Inc.’s holdings in Wal-Mart Stores were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Wal-Mart Stores by 0.4% during the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares during the last quarter. FMR LLC grew its position in shares of Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Wal-Mart Stores by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock worth $1,156,909,000 after acquiring an additional 224,821 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Wal-Mart Stores by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock worth $696,979,000 after acquiring an additional 45,217 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Wal-Mart Stores by 2.0% during the third quarter. Legal & General Group Plc now owns 8,675,274 shares of the retailer’s stock worth $677,941,000 after acquiring an additional 166,538 shares during the last quarter. Hedge funds and other institutional investors own 30.45% of the company’s stock.

Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at $104.78 on Friday. Wal-Mart Stores Inc has a 1-year low of $68.69 and a 1-year high of $109.98. 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 $310,400.00, a PE ratio of 27.87, a price-to-earnings-growth ratio of 3.68 and a beta of 0.42.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same period in the prior year, the company earned $0.98 EPS. Wal-Mart Stores’s revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,057,004 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $96.69, for a total transaction of $198,891,716.76. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $652,520,200.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 1,002,210 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $96.23, for a total transaction of $96,442,668.30. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $649,415,853.40. The disclosure for this sale can be found here. Insiders sold a total of 9,464,232 shares of company stock valued at $918,288,525 over the last three months. 51.39% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $110.28 price target for the company in a research report on Thursday, February 1st. ValuEngine upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Wal-Mart Stores in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Seventeen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $100.72.

TRADEMARK VIOLATION WARNING: This news story was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://stocknewstimes.com/2018/02/18/hartford-financial-management-inc-sells-1900-shares-of-wal-mart-stores-inc-wmt-2.html.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores Inc (NYSE:WMT).

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

Receive News & Ratings for Wal-Mart Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply