Wal-Mart Stores (WMT) : Ronald Blue Co reduced its stake in Wal-Mart Stores by 5.57% during the most recent quarter end. The investment management company now holds a total of 10,051 shares of Wal-Mart Stores which is valued at $687,991 after selling 593 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Wal-Mart Stores makes up approximately 0.03% of Ronald Blue Co’s portfolio.
Other Hedge Funds, Including , Koshinski Asset Management boosted its stake in WMT in the latest quarter, The investment management firm added 1,994 additional shares and now holds a total of 7,736 shares of Wal-Mart Stores which is valued at $529,529. Wal-Mart Stores makes up approx 0.26% of Koshinski Asset Management’s portfolio.One Capital Management reduced its stake in WMT by selling 319 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 25,958 shares of WMT which is valued at $1,749,310. Wal-Mart Stores makes up approx 0.59% of One Capital Management’s portfolio.Hilton Capital Management reduced its stake in WMT by selling 5,200 shares or 46.43% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of WMT which is valued at $407,880. Wal-Mart Stores makes up approx 0.11% of Hilton Capital Management’s portfolio.First Mercantile Trust Co reduced its stake in WMT by selling 12,505 shares or 30.13% in the most recent quarter. The Hedge Fund company now holds 28,996 shares of WMT which is valued at $1,992,025. Wal-Mart Stores makes up approx 0.27% of First Mercantile Trust Co’s portfolio.Acropolis Investment Management reduced its stake in WMT by selling 530 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 38,704 shares of WMT which is valued at $2,773,916. Wal-Mart Stores makes up approx 0.52% of Acropolis Investment Management’s portfolio.
Wal-Mart Stores opened for trading at $68.42 and hit $68.81 on the upside on Friday, eventually ending the session at $68.45, with a gain of 0.32% or 0.22 points. The heightened volatility saw the trading volume jump to 64,16,018 shares. Company has a market cap of $211,733 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. Shares were Reiterated by Telsey Advisory Group on Oct 7, 2016 to “Market Perform” and Lowered the Price Target to $ 76 from a previous price target of $78 .Shares were Reiterated by RBC Capital Mkts on Oct 7, 2016 to “Underperform” and Lowered the Price Target to $ 75 from a previous price target of $76 .KeyBanc Capital Mkts Initiated Wal-Mart Stores on Sep 30, 2016 to “Overweight”, Price Target of the shares are set at $90.
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.