Wal-Mart Stores (WMT) : Aqr Capital Management scooped up 1,471,660 additional shares in Wal-Mart Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 7,120,799 shares of Wal-Mart Stores which is valued at $501,945,122.Wal-Mart Stores makes up approximately 0.76% of Aqr Capital Management’s portfolio.
Other Hedge Funds, Including , Schonfeld Strategic Advisors added WMT to its portfolio by purchasing 7,429 company shares during the most recent quarter which is valued at $523,670. Wal-Mart Stores makes up approx 0.09% of Schonfeld Strategic Advisors’s portfolio.Clarkston Capital Partners reduced its stake in WMT by selling 11,805 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 391,106 shares of WMT which is valued at $27,385,242. Wal-Mart Stores makes up approx 1.36% of Clarkston Capital Partners’s portfolio.First National Bank Trust Co Of Newtown reduced its stake in WMT by selling 300 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 12,862 shares of WMT which is valued at $886,063. Wal-Mart Stores makes up approx 0.28% of First National Bank Trust Co Of Newtown’s portfolio.Beese Fulmer Investment Management boosted its stake in WMT in the latest quarter, The investment management firm added 166 additional shares and now holds a total of 6,150 shares of Wal-Mart Stores which is valued at $423,674. Wal-Mart Stores makes up approx 0.12% of Beese Fulmer Investment Management’s portfolio. Livingston Group Asset Management Co (operating As Southp… sold out all of its stake in WMT during the most recent quarter. The investment firm sold 1,370 shares of WMT which is valued $94,352.
Wal-Mart Stores closed down -0.65 points or -0.94% at $68.54 with 1,11,35,265 shares getting traded on Monday. Post opening the session at $68.93, the shares hit an intraday low of $68.44 and an intraday high of $69.4 and the price fluctuated in this range throughout the day.Shares ended Monday 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 $ 0.02 according to the earnings call on Nov 17, 2016. Analyst had a consensus of $0.96. The company had revenue of $117176.00 million for the quarter, compared to analysts expectations of $117861.52 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on Wal-Mart Stores. Shares were Reiterated by Telsey Advisory Group on Nov 18, 2016 to “Market Perform” and Lowered the Price Target to $ 73 from a previous price target of $76 .Piper Jaffray Initiated Wal-Mart Stores on Oct 21, 2016 to “Neutral”, Price Target of the shares are set at $73.Shares were Reiterated by Telsey Advisory Group on Oct 7, 2016 to “Market Perform” and Lowered the Price Target to $ 76 from a previous price target of $78 .
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.