Wal-Mart Stores Inc (WMT) Shares Sold by NEXT Financial Group Inc

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.

COPYRIGHT VIOLATION WARNING: “Wal-Mart Stores Inc (WMT) Shares Sold by NEXT Financial Group Inc” was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/19/wal-mart-stores-inc-wmt-shares-sold-by-next-financial-group-inc-2.html.

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.

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.

Leave a Reply