Traders Sell Wal-Mart Stores, Inc. (WMT) on Strength (WMT)

Traders sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading on Tuesday. $84.61 million flowed into the stock on the tick-up and $128.21 million flowed out of the stock on the tick-down, for a money net flow of $43.60 million out of the stock. Of all equities tracked, Wal-Mart Stores had the 0th highest net out-flow for the day. Wal-Mart Stores traded up $0.77 for the day and closed at $79.22

WMT has been the topic of several research analyst reports. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $75.54 target price (down from $88.00) on shares of Wal-Mart Stores in a research note on Thursday, June 22nd. BidaskClub downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Vetr downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 target price on the stock. in a research note on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $84.00 in a research note on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores has a consensus rating of “Hold” and a consensus target price of $81.44.

The company has a market capitalization of $236.26 billion, a PE ratio of 19.00 and a beta of 0.29. The company’s 50 day moving average is $79.36 and its 200-day moving average is $76.96. Wal-Mart Stores also was the recipient of unusually large options trading on Monday. Stock investors purchased 5,107 put options on the stock. This represents an increase of 351% compared to the typical volume of 1,132 put options.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the previous year, the firm posted $1.07 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.

In other Wal-Mart Stores news, Director S Robson Walton sold 129,628 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the completion of the transaction, the director now directly owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the transaction, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last quarter. 51.39% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of WMT. FMR LLC raised its holdings in Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Wal-Mart Stores by 161.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after acquiring an additional 2,035,800 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Wal-Mart Stores by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after acquiring an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Wal-Mart Stores by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after acquiring an additional 1,689,364 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Wal-Mart Stores in the 1st quarter valued at $111,777,000. Institutional investors own 30.19% of the company’s stock.

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Wal-Mart Stores Company Profile

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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