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

Traders sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading hours on Monday. $60.39 million flowed into the stock on the tick-up and $131.57 million flowed out of the stock on the tick-down, for a money net flow of $71.18 million out of the stock. Of all companies tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.20 for the day and closed at $79.08

A number of research firms have recently weighed in on WMT. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Saturday, May 20th. Credit Suisse Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of Wal-Mart Stores in a research report on Friday, May 19th. Robert W. Baird set a $85.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.17 target price for the company in a research note on Wednesday, June 7th. Finally, BidaskClub downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen 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 “Hold” and an average target price of $80.25.

The stock has a market cap of $239.47 billion, a price-to-earnings ratio of 19.13 and a beta of 0.30. The stock’s 50 day moving average price is $79.70 and its 200-day moving average price is $75.89.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

In other news, major shareholder Alice L. Walton sold 1,652,342 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $79.35, for a total transaction of $131,113,337.70. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $535,499,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 646,330 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at $268,265,471.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock worth $628,583,326 over the last 90 days. Company insiders own 51.39% of the company’s stock.

Several large investors have recently modified their holdings of WMT. Evanson Asset Management LLC acquired a new position in shares of Wal-Mart Stores during the first quarter worth approximately $223,000. Patten & Patten Inc. TN raised its position in Wal-Mart Stores by 3.2% in the 1st quarter. Patten & Patten Inc. TN now owns 6,403 shares of the retailer’s stock valued at $462,000 after buying an additional 200 shares during the last quarter. NewSquare Capital LLC raised its position in Wal-Mart Stores by 19.4% in the 1st quarter. NewSquare Capital LLC now owns 11,450 shares of the retailer’s stock valued at $825,000 after buying an additional 1,859 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Wal-Mart Stores by 0.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 598,363 shares of the retailer’s stock valued at $43,130,000 after buying an additional 1,625 shares during the last quarter. Finally, Courier Capital LLC raised its position in Wal-Mart Stores by 0.8% in the 1st quarter. Courier Capital LLC now owns 5,314 shares of the retailer’s stock valued at $383,000 after buying an additional 41 shares during the last quarter. 30.21% of the stock is currently owned by 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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