NEXT Financial Group Inc reduced its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 31.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,935 shares of the retailer’s stock after selling 5,464 shares during the quarter. NEXT Financial Group Inc’s holdings in Wal-Mart Stores were worth $1,179,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of WMT. Vanguard Group Inc. boosted its stake in shares of Wal-Mart Stores by 0.4% in 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 boosted its stake in shares of Wal-Mart Stores by 45.3% in 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 boosted its stake in shares of Wal-Mart Stores by 1.5% in 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. boosted its stake in shares of Wal-Mart Stores by 0.5% in 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 boosted its stake in shares of Wal-Mart Stores by 2.0% in 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. 30.45% of the stock is currently owned by institutional investors.
Shares of Wal-Mart Stores Inc (NYSE WMT) opened at $104.78 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $310,400.00, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.74 and a beta of 0.42. Wal-Mart Stores Inc has a 1-year low of $68.69 and a 1-year high of $109.98.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. research analysts forecast that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.
WMT has been the topic of a number of recent research reports. Barclays boosted their price objective on Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $110.28 price objective on the stock in a research note on Thursday, February 1st. ValuEngine raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Seventeen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of “Buy” and an average target price of $100.72.
In related news, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the sale, the insider now owns 19,060 shares in the company, valued at approximately $1,848,629.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 2,057,004 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $96.69, for a total value of $198,891,716.76. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $652,520,200.20. The disclosure for this sale can be found here. Insiders sold a total of 8,462,022 shares of company stock worth $821,845,857 in the last quarter. 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.
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