Farmers National Bank Sells 3,124 Shares of Wal-Mart Stores, Inc. (WMT)

Farmers National Bank reduced its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 22.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,617 shares of the retailer’s stock after selling 3,124 shares during the quarter. Farmers National Bank’s holdings in Wal-Mart Stores were worth $803,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WMT. FMR LLC lifted its position in 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 buying an additional 5,608,785 shares during the period. Alliancebernstein L.P. lifted its position in Wal-Mart Stores by 42.6% during the second quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock worth $434,819,000 after buying an additional 1,716,422 shares during the period. Parametric Portfolio Associates LLC lifted its position in Wal-Mart Stores by 52.9% during the second quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock worth $369,565,000 after buying an additional 1,689,364 shares during the period. Neuberger Berman Group LLC lifted its position in Wal-Mart Stores by 100.2% during the second quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock worth $200,294,000 after buying an additional 1,324,722 shares during the period. Finally, Fred Alger Management Inc. lifted its position in Wal-Mart Stores by 4,619.7% during the second quarter. Fred Alger Management Inc. now owns 1,128,064 shares of the retailer’s stock worth $85,372,000 after buying an additional 1,104,163 shares during the period. Institutional investors and hedge funds own 30.65% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down $0.63 on Friday, hitting $97.13. The stock had a trading volume of 9,385,700 shares, compared to its average volume of 8,916,293. The firm has a market cap of $289,602.47, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 3.60 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during 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%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. sell-side analysts forecast that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several research firms recently weighed in on WMT. Goldman Sachs Group downgraded Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $90.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Barclays reiterated a “buy” rating and set a $110.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, November 21st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores has a consensus rating of “Hold” and an average price target of $92.96.

In related news, major shareholder Alice L. Walton sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total value of $158,940,000.00. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $536,309,652.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.82, for a total value of $283,744,419.78. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. In the last three months, insiders sold 14,421,174 shares of company stock worth $1,366,398,832. Company insiders own 51.39% of the company’s stock.

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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.

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

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