FIL Ltd Acquires Shares of 188,805 Wal-Mart Stores, Inc. (WMT)

FIL Ltd acquired a new position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 188,805 shares of the retailer’s stock, valued at approximately $14,289,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Winfield Associates Inc. lifted its stake in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares in the last quarter. TrimTabs Asset Management LLC lifted its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. lifted its stake in Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC lifted its stake in Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares in the last quarter. 30.40% of the stock is currently owned by institutional investors and hedge funds.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 1,586 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the transaction, the insider now directly owns 21,125 shares in the company, valued at $1,668,875. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Chojnowski sold 684 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,554,472 shares of company stock worth $1,184,474,992. 51.39% of the stock is owned by corporate insiders.

A number of research analysts have weighed in on the stock. Goldman Sachs Group lowered shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays reaffirmed a “buy” rating and issued a $110.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, November 21st. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $84.00 price target (up previously from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $92.68.

Shares of Wal-Mart Stores, Inc. (WMT) traded up $0.82 on Wednesday, reaching $97.83. 9,009,400 shares of the company were exchanged, compared to its average volume of 8,950,248. The firm has a market capitalization of $287,380.69, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 3.58 and a beta of 0.37. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $100.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. analysts predict that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.

Wal-Mart Stores declared that its board has approved a stock buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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

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