Aqr Capital Management Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Aqr Capital Management reduced its stake in Wal-Mart Stores by 15.57% during the most recent quarter end. The investment management company now holds a total of 5,299,371 shares of Wal-Mart Stores which is valued at $391,570,523 after selling 977,109 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Wal-Mart Stores makes up approximately 0.67% of Aqr Capital Management’s portfolio.

Other Hedge Funds, Including , Voya Financial Advisors boosted its stake in WMT in the latest quarter, The investment management firm added 836 additional shares and now holds a total of 20,180 shares of Wal-Mart Stores which is valued at $1,491,100. Wal-Mart Stores makes up approx 0.17% of Voya Financial Advisors’s portfolio.Pacer Advisors reduced its stake in WMT by selling 3,055 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 52,599 shares of WMT which is valued at $3,886,540. Wal-Mart Stores makes up approx 0.59% of Pacer Advisors’s portfolio.Heritage Wealth Advisors boosted its stake in WMT in the latest quarter, The investment management firm added 1,857 additional shares and now holds a total of 11,607 shares of Wal-Mart Stores which is valued at $856,132. Wal-Mart Stores makes up approx 0.56% of Heritage Wealth Advisors’s portfolio.Cg Asset Management reduced its stake in WMT by selling 1,000 shares or 21.45% in the most recent quarter. The Hedge Fund company now holds 3,662 shares of WMT which is valued at $268,498. Wal-Mart Stores makes up approx 0.10% of Cg Asset Management’s portfolio.

Wal-Mart Stores opened for trading at $71.57 and hit $72.86 on the upside on Thursday, eventually ending the session at $72.84, with a gain of 1.96% or 1.4 points. The heightened volatility saw the trading volume jump to 1,17,61,356 shares. Company has a market cap of $227,017 M.

On the company’s financial health, Wal-Mart Stores reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $1.02. The company had revenue of $119405.00 million for the quarter, compared to analysts expectations of $119327.18 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Reiterated by Telsey Advisory Group on Aug 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Underperform”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .Wal-Mart Stores was Downgraded by Northcoast to ” Neutral” on Jul 12, 2016.

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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