Wal-Mart Stores (WMT) : Convergence Investment Partners reduced its stake in Wal-Mart Stores by 14.75% during the most recent quarter end. The investment management company now holds a total of 103,554 shares of Wal-Mart Stores which is valued at $7,651,605 after selling 17,917 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Wal-Mart Stores makes up approximately 1.01% of Convergence Investment Partners’s portfolio.
Other Hedge Funds, Including , Smith Moore reduced its stake in WMT by selling 1,911 shares or 14.13% in the most recent quarter. The Hedge Fund company now holds 11,614 shares of WMT which is valued at $858,158. Wal-Mart Stores makes up approx 0.34% of Smith Moore’s portfolio.Cable Hill Partners reduced its stake in WMT by selling 161 shares or 42.82% in the most recent quarter. The Hedge Fund company now holds 215 shares of WMT which is valued at $15,858. Wal-Mart Stores makes up approx 0.01% of Cable Hill Partners’s portfolio.Regentatlantic Capital reduced its stake in WMT by selling 331 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 112,623 shares of WMT which is valued at $8,310,451. Wal-Mart Stores makes up approx 0.78% of Regentatlantic Capital’s portfolio.Arcadia Investment Management Corpmi boosted its stake in WMT in the latest quarter, The investment management firm added 885 additional shares and now holds a total of 3,035 shares of Wal-Mart Stores which is valued at $224,104. Wal-Mart Stores makes up approx 0.07% of Arcadia Investment Management Corpmi’s portfolio.
Wal-Mart Stores closed down -1.49 points or -2.01% at $72.81 with 1,53,46,426 shares getting traded on Friday. Post opening the session at $74.1, the shares hit an intraday low of $72.67 and an intraday high of $74.29 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 $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.