Wal-Mart Stores (WMT) : Nine Chapters Capital Management added new position in Wal-Mart Stores during the most recent quarter end. The investment management firm now holds 3,400 shares of Wal-Mart Stores which is valued at $249,356 , the company said in a statement filed on Aug 9, 2016 with the SEC.Wal-Mart Stores makes up approximately 4.77% of Nine Chapters Capital Management’s portfolio.
Other Hedge Funds, Including , Bradley Foster Sargent Incct boosted its stake in WMT in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 8,023 shares of Wal-Mart Stores which is valued at $588,407. Wal-Mart Stores makes up approx 0.03% of Bradley Foster Sargent Incct’s portfolio.Nippon Life Insurance Co reduced its stake in WMT by selling 5,453 shares or 9.55% in the most recent quarter. The Hedge Fund company now holds 51,638 shares of WMT which is valued at $3,766,476. Wal-Mart Stores makes up approx 0.09% of Nippon Life Insurance Co’s portfolio.Agf Investments boosted its stake in WMT in the latest quarter, The investment management firm added 12,912 additional shares and now holds a total of 278,988 shares of Wal-Mart Stores which is valued at $20,349,385. Wal-Mart Stores makes up approx 0.22% of Agf Investments’s portfolio.Cornerstone Advisors boosted its stake in WMT in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 546 shares of Wal-Mart Stores which is valued at $40,033. Wal-Mart Stores makes up approx 0.04% of Cornerstone Advisors’s portfolio.Pitcairn Co reduced its stake in WMT by selling 342 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 12,435 shares of WMT which is valued at $911,734. Wal-Mart Stores makes up approx 0.12% of Pitcairn Co’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. 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.