K.j. Harrison Partners Inc Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : K.j. Harrison Partners Inc reduced its stake in Wal-Mart Stores by 29.19% during the most recent quarter end. The investment management company now holds a total of 39,940 shares of Wal-Mart Stores which is valued at $2,928,401 after selling 16,465 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Wal-Mart Stores makes up approximately 1.53% of K.j. Harrison Partners Inc’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in WMT by selling 31,411 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 1,361,694 shares of WMT which is valued at $99,839,404. Wal-Mart Stores makes up approx 0.43% of Strs Ohio’s portfolio.Acropolis Investment Management reduced its stake in WMT by selling 349 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 39,234 shares of WMT which is valued at $2,897,039. Wal-Mart Stores makes up approx 0.54% of Acropolis Investment Management’s portfolio.Northstar Group reduced its stake in WMT by selling 436 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 27,506 shares of WMT which is valued at $2,024,992. Wal-Mart Stores makes up approx 1.49% of Northstar Group’s portfolio. Deane Retirement Strategies sold out all of its stake in WMT during the most recent quarter. The investment firm sold 34,753 shares of WMT which is valued $2,541,834.

Wal-Mart Stores closed down -0.27 points or -0.37% at $72.97 with 63,02,187 shares getting traded on Friday. Post opening the session at $73.17, the shares hit an intraday low of $72.76 and an intraday high of $73.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Wal-Mart Stores reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.88. The company had revenue of $114986.00 million for the quarter, compared to analysts expectations of $112675.79 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Wal-Mart Stores. Wal-Mart Stores was Downgraded by Northcoast to ” Neutral” on Jul 12, 2016. Nomura Resumed Wal-Mart Stores on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $81.Company shares were Upgraded by Jefferies on Jun 6, 2016 to ” Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $60 .

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’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.

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