Wal-Mart Stores (WMT) : Financial Advisory Service reduced its stake in Wal-Mart Stores by 17.97% during the most recent quarter end. The investment management company now holds a total of 7,006 shares of Wal-Mart Stores which is valued at $517,043 after selling 1,535 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Wal-Mart Stores makes up approximately 0.19% of Financial Advisory Service’s portfolio.
Other Hedge Funds, Including , Capital Advisors Incok boosted its stake in WMT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 20,353 shares of Wal-Mart Stores which is valued at $1,502,051. Wal-Mart Stores makes up approx 0.22% of Capital Advisors Incok’s portfolio. Livingston Group Asset Management Co (operating As Southp… added WMT to its portfolio by purchasing 1,370 company shares during the most recent quarter which is valued at $100,448. Wal-Mart Stores makes up approx 0.05% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Lowe Fs boosted its stake in WMT in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 362 shares of Wal-Mart Stores which is valued at $26,712. Wal-Mart Stores makes up approx 0.02% of Lowe Fs’s portfolio.
Wal-Mart Stores opened for trading at $71.99 and hit $72.95 on the upside on Wednesday, eventually ending the session at $72.93, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 1,43,43,332 shares. Company has a market cap of $227,297 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.