Wal-Mart Stores (WMT) : Arbor Wealth Management scooped up 957 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 59,434 shares of Wal-Mart Stores which is valued at $4,189,503.Wal-Mart Stores makes up approximately 3.70% of Arbor Wealth Management’s portfolio.
Other Hedge Funds, Including , Legg Mason Asset Management (japan) Ltd. added WMT to its portfolio by purchasing 11,300 company shares during the most recent quarter which is valued at $796,537. Wal-Mart Stores makes up approx 0.78% of Legg Mason Asset Management (japan) Ltd.’s portfolio.First City Capital Management boosted its stake in WMT in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 3,131 shares of Wal-Mart Stores which is valued at $223,522. Wal-Mart Stores makes up approx 0.18% of First City Capital Management’s portfolio.Sentry Investment Management reduced its stake in WMT by selling 7,978 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 114,393 shares of WMT which is valued at $7,911,420. Wal-Mart Stores makes up approx 0.36% of Sentry Investment Management’s portfolio.State Of Wisconsin Investment Board reduced its stake in WMT by selling 174,200 shares or 9.41% in the most recent quarter. The Hedge Fund company now holds 1,676,166 shares of WMT which is valued at $116,158,304. Wal-Mart Stores makes up approx 0.47% of State Of Wisconsin Investment Board’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.