Klcm Advisors buys $11,764,975 stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Klcm Advisors scooped up 12,211 additional shares in Wal-Mart Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 159,417 shares of Wal-Mart Stores which is valued at $11,764,975.Wal-Mart Stores makes up approximately 3.85% of Klcm Advisors’s portfolio.

Other Hedge Funds, Including , Zweig-dimenna Associates sold out all of its stake in WMT during the most recent quarter. The investment firm sold 5,700 shares of WMT which is valued $420,660.Auxier Asset Management reduced its stake in WMT by selling 75 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 90,967 shares of WMT which is valued at $6,709,726. Wal-Mart Stores makes up approx 1.50% of Auxier Asset Management’s portfolio.Nuance Investments boosted its stake in WMT in the latest quarter, The investment management firm added 3,187 additional shares and now holds a total of 228,164 shares of Wal-Mart Stores which is valued at $16,642,282. Wal-Mart Stores makes up approx 1.73% of Nuance Investments’s portfolio.Mu Investments Ltd. reduced its stake in WMT by selling 2,600 shares or 41.6% in the most recent quarter. The Hedge Fund company now holds 3,650 shares of WMT which is valued at $267,618. Wal-Mart Stores makes up approx 0.17% of Mu Investments Ltd.’s portfolio.

Wal-Mart Stores closed down -0.57 points or -0.77% at $73.32 with 96,36,116 shares getting traded on Monday. Post opening the session at $73.81, the shares hit an intraday low of $73.11 and an intraday high of $74.01 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 $ 0.10 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.88. The company had revenue of $114986.00 million for the quarter, compared to analysts expectations of $112675.79 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Wal-Mart Stores. Wal-Mart Stores was Downgraded by Northcoast to ” Neutral” on Jul 12, 2016. Nomura Resumed Wal-Mart Stores on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $81.Company shares were Upgraded by Jefferies on Jun 6, 2016 to ” Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $60 .

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.

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