Patriot Wealth Management buys $3,996,160 stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Patriot Wealth Management scooped up 1,292 additional shares in Wal-Mart Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 54,503 shares of Wal-Mart Stores which is valued at $3,996,160.Wal-Mart Stores makes up approximately 0.77% of Patriot Wealth Management’s portfolio.

Other Hedge Funds, Including , Calamos Wealth Management boosted its stake in WMT in the latest quarter, The investment management firm added 3,079 additional shares and now holds a total of 21,389 shares of Wal-Mart Stores which is valued at $1,568,241. Wal-Mart Stores makes up approx 0.30% of Calamos Wealth Management’s portfolio.Yhb Investment Advisors boosted its stake in WMT in the latest quarter, The investment management firm added 5,680 additional shares and now holds a total of 21,747 shares of Wal-Mart Stores which is valued at $1,599,492. Wal-Mart Stores makes up approx 0.34% of Yhb Investment Advisors’s portfolio.Tnb Financial boosted its stake in WMT in the latest quarter, The investment management firm added 8,583 additional shares and now holds a total of 34,663 shares of Wal-Mart Stores which is valued at $2,557,783. Wal-Mart Stores makes up approx 0.65% of Tnb Financial’s portfolio.Mai Capital Management boosted its stake in WMT in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 4,115 shares of Wal-Mart Stores which is valued at $303,852. Wal-Mart Stores makes up approx 0.02% of Mai Capital Management’s portfolio.Hartford Financial Management reduced its stake in WMT by selling 1,085 shares or 33.27% in the most recent quarter. The Hedge Fund company now holds 2,176 shares of WMT which is valued at $160,306. Wal-Mart Stores makes up approx 0.09% of Hartford Financial Management’s portfolio.

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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