November 24, 2016 - By Louis Casey · 0 Comments
Wal Mart Stores Inc (NYSE:WMT) institutional sentiment increased to 1.12 in Q2 2016. Its up 0.22, from 0.9 in 2016Q1. The ratio has improved, as 567 institutional investors opened new or increased holdings, while 627 reduced and sold equity positions in Wal Mart Stores Inc. The institutional investors in our partner’s database now own: 896.36 million shares, down from 960.71 million shares in 2016Q1. Also, the number of institutional investors holding Wal Mart Stores Inc in their top 10 holdings was flat from 66 to 66 for the same number . Sold All: 66 Reduced: 561 Increased: 474 New Position: 93.
Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The company has a market cap of $223.71 billion. The Firm offers an assortment of merchandise and services at everyday low prices . It has a 15.38 P/E ratio. The Firm operates through three divisions: Walmart U.S., Walmart International and Sam’s Club.
The stock increased 1.01% or $0.71 on November 23, hitting $70.83. About 7.44M shares traded hands. Wal-Mart Stores, Inc. (NYSE:WMT) has risen 3.07% since April 22, 2016 and is uptrending. It has underperformed by 2.34% the S&P500.
Analysts await Wal-Mart Stores, Inc. (NYSE:WMT) to report earnings on February, 21 before the open. They expect $1.31 earnings per share, down 12.08% or $0.18 from last year’s $1.49 per share. WMT’s profit will be $4.14B for 13.52 P/E if the $1.31 EPS becomes a reality. After $0.98 actual earnings per share reported by Wal-Mart Stores, Inc. for the previous quarter, Wall Street now forecasts 33.67% EPS growth.
According to Zacks Investment Research, “Wal-Mart Stores, Inc. is the world’s largest retailer. They are engaged in the operation of mass merchandising stores, which serve their customers primarily through the operation of three segments, which are the Wal-Mart Stores segment, the SAM’S Club segment and the International segment.”
Cook & Bynum Capital Management Llc holds 26.6% of its portfolio in Wal-Mart Stores, Inc. for 529,529 shares. Cullinan Associates Inc owns 3.39 million shares or 20.1% of their US portfolio. Moreover, Rwwm Inc. has 13.75% invested in the company for 461,250 shares. The Missouri-based Alpine Investment Management Llc has invested 7.66% in the stock. Focused Investors Llc, a California-based fund reported 2.06 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 15 insider sales for $2.66 billion net activity.
Ratings analysis reveals 39% of Wal-Mart Stores Inc’s analysts are positive. Out of 28 Wall Street analysts rating Wal-Mart Stores Inc, 11 give it “Buy”, 2 “Sell” rating, while 15 recommend “Hold”. The lowest target is $55 while the high is $90. The stock’s average target of $72.88 is 2.89% above today’s ($70.83) share price. WMT was included in 65 notes of analysts from August 14, 2015. On Friday, August 19 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The firm has “Neutral” rating given on Thursday, October 15 by Bank of America. The firm has “Underperform” rating by RBC Capital Markets given on Friday, May 20. The stock of Wal-Mart Stores, Inc. (NYSE:WMT) earned “Hold” rating by Deutsche Bank on Sunday, September 6. The firm has “Neutral” rating given on Monday, November 9 by Citigroup. Barclays Capital upgraded Wal-Mart Stores, Inc. (NYSE:WMT) rating on Friday, September 23. Barclays Capital has “Overweight” rating and $87 price target. TheStreet downgraded the shares of WMT in a report on Friday, September 18 to “Hold” rating. Jefferies upgraded Wal-Mart Stores, Inc. (NYSE:WMT) on Monday, June 6 to “Buy” rating. Goldman Sachs maintained Wal-Mart Stores, Inc. (NYSE:WMT) on Wednesday, April 6 with “Neutral” rating. The firm earned “Neutral” rating on Wednesday, August 19 by UBS.
Wal-Mart Stores, Inc., incorporated on October 31, 1969, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Firm offers an assortment of merchandise and services at everyday low prices (EDLP). The Firm operates through three divisions: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in approximately 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 activities in over 27 countries outside of the United States. The Sam’s Club consists of membership-only warehouse clubs and operates in approximately 48 states in the United States and in Puerto Rico, as well as digital retail.
More notable recent Wal-Mart Stores, Inc. (NYSE:WMT) news were published by: Foxbusiness.com which released: “Better Buy: Wal-Mart Stores Inc. vs. Target” on November 18, 2016, also Gurufocus.com with their article: “Wal-mart Stores Inc (WMT) President and CEO C Douglas Mcmillon Sold $5 …” published on November 24, 2016, Investorplace.com published: “Wal-Mart Stores, Inc.’s (WMT) Plan to Win Black Friday? Cyber Monday.” on November 21, 2016. More interesting news about Wal-Mart Stores, Inc. (NYSE:WMT) were released by: Fool.com and their article: “Better Buy: Costco Wholesale Corporation vs. Wal-Mart Stores, Inc.” published on November 16, 2016 as well as Forbes.com‘s news article titled: “What Wal-Mart’s Battle With Workers Over A Chat App Means for Big-Box Retailers” with publication date: November 22, 2016.
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By Louis Casey