Marble Harbor Investment Counsel buys $3,780,479 stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Marble Harbor Investment Counsel scooped up 1,130 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 51,226 shares of Wal-Mart Stores which is valued at $3,780,479.Wal-Mart Stores makes up approximately 0.91% of Marble Harbor Investment Counsel’s portfolio.

Other Hedge Funds, Including , Wharton Business Group reduced its stake in WMT by selling 720 shares or 6.93% in the most recent quarter. The Hedge Fund company now holds 9,670 shares of WMT which is valued at $713,646. Wal-Mart Stores makes up approx 0.08% of Wharton Business Group’s portfolio.Interocean Capital boosted its stake in WMT in the latest quarter, The investment management firm added 6,416 additional shares and now holds a total of 143,056 shares of Wal-Mart Stores which is valued at $10,551,811. Wal-Mart Stores makes up approx 2.47% of Interocean Capital’s portfolio.Investors Capital Advisory Services reduced its stake in WMT by selling 1,393 shares or 6.54% in the most recent quarter. The Hedge Fund company now holds 19,910 shares of WMT which is valued at $1,452,235. Wal-Mart Stores makes up approx 0.28% of Investors Capital Advisory Services’s portfolio.Highland Capital Management reduced its stake in WMT by selling 4,868 shares or 53.7% in the most recent quarter. The Hedge Fund company now holds 4,197 shares of WMT which is valued at $309,697. Wal-Mart Stores makes up approx 0.03% of Highland Capital Management’s portfolio. Hengehold Capital Management added WMT to its portfolio by purchasing 24,598 company shares during the most recent quarter which is valued at $1,815,086. Wal-Mart Stores makes up approx 0.57% of Hengehold Capital Management’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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