Wal-Mart Stores (WMT) : Miller Investment Management Lp reduced its stake in Wal-Mart Stores by 0.45% during the most recent quarter end. The investment management company now holds a total of 15,374 shares of Wal-Mart Stores which is valued at $1,083,713 after selling 70 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Wal-Mart Stores makes up approximately 0.38% of Miller Investment Management Lp’s portfolio.
Other Hedge Funds, Including , Mariner Wealth Advisors boosted its stake in WMT in the latest quarter, The investment management firm added 3,684 additional shares and now holds a total of 94,896 shares of Wal-Mart Stores which is valued at $6,689,219. Wal-Mart Stores makes up approx 0.33% of Mariner Wealth Advisors’s portfolio.Baldwin Brothers Incma reduced its stake in WMT by selling 133 shares or 20.62% in the most recent quarter. The Hedge Fund company now holds 512 shares of WMT which is valued at $35,727. Wal-Mart Stores makes up approx 0.01% of Baldwin Brothers Incma’s portfolio.Sigma Planning Corp boosted its stake in WMT in the latest quarter, The investment management firm added 1,950 additional shares and now holds a total of 28,148 shares of Wal-Mart Stores which is valued at $1,964,167. Wal-Mart Stores makes up approx 0.24% of Sigma Planning Corp’s portfolio. Dnb Asset Management As added WMT to its portfolio by purchasing 24,800 company shares during the most recent quarter which is valued at $1,736,496. Wal-Mart Stores makes up approx 0.03% of Dnb Asset Management As’s portfolio.John G Ullman Associates Inc reduced its stake in WMT by selling 2,000 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 130,700 shares of WMT which is valued at $9,003,923. Wal-Mart Stores makes up approx 1.84% of John G Ullman Associates Inc’s portfolio.
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.