Founders Financial Securities LLC cut its position in Wal-Mart Stores Inc. (NYSE:WMT) by 78.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,505 shares of the retailer’s stock after selling 38,664 shares during the period. Founders Financial Securities LLC’s holdings in Wal-Mart Stores were worth $758,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in shares of Wal-Mart Stores by 1,671.0% in the second quarter. Fisher Asset Management LLC now owns 4,930,805 shares of the retailer’s stock valued at $365,175,000 after buying an additional 4,652,393 shares in the last quarter. Bank of Montreal Can acquired a new position in Wal-Mart Stores during the second quarter worth approximately $309,966,000. Emerald Acquisition Ltd. acquired a new position in Wal-Mart Stores during the second quarter worth approximately $260,853,000. Dimensional Fund Advisors LP raised its position in Wal-Mart Stores by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,418,449 shares of the retailer’s stock worth $541,665,000 after buying an additional 1,449,033 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Wal-Mart Stores by 48.6% in the second quarter. Schroder Investment Management Group now owns 3,530,687 shares of the retailer’s stock worth $257,811,000 after buying an additional 1,154,142 shares during the last quarter. Hedge funds and other institutional investors own 29.88% of the company’s stock.
Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.56% during midday trading on Friday, hitting $71.23. The stock had a trading volume of 4,234,383 shares. Wal-Mart Stores Inc. has a 52-week low of $58.32 and a 52-week high of $75.19. The stock has a market cap of $220.03 billion, a PE ratio of 15.45 and a beta of 0.10. The firm has a 50 day moving average price of $69.50 and a 200-day moving average price of $71.20.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The firm earned $118.20 billion during the quarter, compared to analysts’ expectations of $118.69 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Equities analysts predict that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.
WMT has been the subject of a number of recent analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $82.00 price target on shares of Wal-Mart Stores in a research report on Sunday, November 13th. Goldman Sachs Group Inc. set a $72.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday, October 11th. Zacks Investment Research lowered Wal-Mart Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. BMO Capital Markets reaffirmed an “underperform” rating and set a $72.80 price target on shares of Wal-Mart Stores in a research report on Saturday, November 19th. Finally, JPMorgan Chase & Co. set a $75.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday, October 4th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $74.96.
In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $71.37, for a total transaction of $250,134,435.72. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $481,646,154.60. The disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.
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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.