Traders Sell Shares of Wal-Mart Stores, Inc. (WMT) on Strength (WMT)

Investors sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading hours on Tuesday. $81.27 million flowed into the stock on the tick-up and $116.75 million flowed out of the stock on the tick-down, for a money net flow of $35.48 million out of the stock. Of all stocks tracked, Wal-Mart Stores had the 24th highest net out-flow for the day. Wal-Mart Stores traded up $0.05 for the day and closed at $80.05

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $85.00 price target on shares of Wal-Mart Stores in a research note on Sunday. KeyCorp reissued a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a research note on Tuesday. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. BMO Capital Markets reissued a “market weight” rating on shares of Wal-Mart Stores in a research note on Thursday, September 14th. Finally, Cowen and Company set a $86.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.25.

The firm has a market capitalization of $240.79 billion, a PE ratio of 19.23 and a beta of 0.30. The company’s 50 day moving average is $79.87 and its 200-day moving average is $76.21. Wal-Mart Stores also was the recipient of unusually large options trading activity on Monday. Stock traders bought 5,107 put options on the company. This is an increase of approximately 351% compared to the typical volume of 1,132 put options.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. Analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year.

In other Wal-Mart Stores news, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $80.44, for a total value of $10,427,276.32. Following the completion of the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at $269,068,260.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the transaction, the insider now directly owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,948,971 shares of company stock valued at $628,583,326. 51.39% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. MPS Loria Financial Planners LLC acquired a new position in Wal-Mart Stores in the second quarter worth $185,000. Frontier Investment Mgmt Co. bought a new stake in Wal-Mart Stores in the second quarter valued at $12,983,000. W. E. Donoghue & Co. LLC bought a new stake in Wal-Mart Stores in the second quarter valued at $2,149,000. Intl Fcstone Inc. bought a new stake in Wal-Mart Stores in the second quarter valued at $542,000. Finally, Griffin Asset Management Inc. bought a new stake in Wal-Mart Stores in the second quarter valued at $7,274,000. 30.19% of the stock is owned by hedge funds and other institutional investors.

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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.

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