Bank of New York Mellon Corp Decreases Holdings in Wal-Mart Stores, Inc. (WMT)

Bank of New York Mellon Corp reduced its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,954,112 shares of the retailer’s stock after selling 760,779 shares during the period. Bank of New York Mellon Corp owned 0.47% of Wal-Mart Stores worth $1,090,373,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its stake in shares of Wal-Mart Stores by 10.9% in the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock valued at $225,760,000 after acquiring an additional 294,383 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in shares of Wal-Mart Stores by 2.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock valued at $611,000 after acquiring an additional 200 shares in the last quarter. State of Wisconsin Investment Board grew its stake in shares of Wal-Mart Stores by 23.1% in the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock valued at $158,610,000 after acquiring an additional 393,180 shares in the last quarter. Numeric Investors LLC grew its stake in shares of Wal-Mart Stores by 31.2% in the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock valued at $89,278,000 after acquiring an additional 280,430 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new position in shares of Wal-Mart Stores in the second quarter valued at about $363,000. Hedge funds and other institutional investors own 30.58% of the company’s stock.

Several equities analysts recently commented on WMT shares. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Wells Fargo & Co set a $101.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Wednesday, December 27th. Jefferies Group set a $105.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, November 14th. Bank of America set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores currently has an average rating of “Buy” and an average price target of $98.46.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $100.87 on Friday. The company has a market cap of $298,820.00, a PE ratio of 26.83, a PEG ratio of 3.68 and a beta of 0.37. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $102.35.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. equities research analysts forecast that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.

Wal-Mart Stores declared that its board has approved a share repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, insider Jacqueline P. Canney sold 2,065 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the transaction, the insider now owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 1,200 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the completion of the transaction, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at approximately $4,841,082.53. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock valued at $1,207,333,538 in the last three months. Company insiders own 51.39% of the company’s stock.

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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 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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