November 24, 2016 - By Marie Mckinney
Company insider, Douglas Mcmillon, President and CEO of Wal Mart Stores Inc sold a total of 75,063 shares of the firm, based on an average weighted cost of $69.1 per every share. A report available for public review here discloses this insider activity, that took place on 23-11-2016 and was filed with the U.S. Security & Exchange Commission. This is a sell that is not going to remain unseen as Douglas already possess 952,045 shares accounting for 0.03% of the Company’s market cap
Out of 28 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 11 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 39% are positive. $90 is the highest target while $55 is the lowest. The $72.88 average target is 3.05% above today’s ($70.72) stock price. Wal-Mart Stores Inc has been the topic of 65 analyst reports since August 14, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Wal-Mart Stores, Inc. (NYSE:WMT) rating on Friday, May 20. RBC Capital Markets has “Underperform” rating and $69 price target. The firm has “Outperform” rating by Credit Suisse given on Friday, September 16. The firm earned “Neutral” rating on Friday, October 21 by Piper Jaffray. On Friday, September 30 the stock rating was initiated by KeyBanc Capital Markets with “Overweight”. Telsey Advisory Group maintained it with “Market Perform” rating and $78 target price in Friday, August 19 report. As per Friday, September 23, the company rating was upgraded by Barclays Capital. RBC Capital Markets maintained Wal-Mart Stores, Inc. (NYSE:WMT) rating on Friday, August 19. RBC Capital Markets has “Underperform” rating and $76 price target. The company was maintained on Wednesday, October 7 by Deutsche Bank. The rating was maintained by M Partners on Friday, February 19 with “Neutral”. The stock of Wal-Mart Stores, Inc. (NYSE:WMT) earned “Neutral” rating by Credit Suisse on Thursday, October 15.
Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.22, from 0.9 in 2016Q1. The ratio increased, as 66 funds sold all Wal-Mart Stores, Inc. shares owned while 561 reduced positions. 93 funds bought stakes while 474 increased positions. They now own 896.36 million shares or 6.70% less from 960.71 million shares in 2016Q1.
Invest Counselors Of Maryland Lc holds 0.09% or 23,308 shares in its portfolio. Boyer Corporon Wealth Ltd Co reported 62,576 shares or 2.19% of all its holdings. Tortoise Management Llc owns 6,645 shares or 0.17% of their US portfolio. Indiana Trust And Inv Management has 0.21% invested in the company for 5,650 shares. Bryn Mawr Tru holds 19,388 shares or 0.09% of its portfolio. Buckingham Asset Mgmt Lc owns 11,483 shares or 0.29% of their US portfolio. Affinity Advsrs Ltd Liability owns 16,000 shares or 0.09% of their US portfolio. North American Mngmt Corporation last reported 0.34% of its portfolio in the stock. Inspirion Wealth Advsrs Limited Liability reported 3,118 shares or 0.15% of all its holdings. State Of Wisconsin Board holds 1.85 million shares or 0.54% of its portfolio. Rh Dinel Inv Counsel has invested 1.14% of its portfolio in Wal-Mart Stores, Inc. (NYSE:WMT). Shelter Retirement Plan last reported 130,324 shares in the company. Courier Corporation holds 0.08% of its portfolio in Wal-Mart Stores, Inc. (NYSE:WMT) for 5,194 shares. Chicago Equity Prtn Ltd Llc holds 0.68% of its portfolio in Wal-Mart Stores, Inc. (NYSE:WMT) for 319,760 shares. Investec Asset Mgmt Ltd owns 262,899 shares or 0.1% of their US portfolio.
Insider Transactions: Since June 29, 2016, the stock had 0 insider buys, and 15 insider sales for $2.66 billion net activity. WALTON ALICE L sold 3.50 million shares worth $250.14 million. 3.50 million Wal-Mart Stores, Inc. (NYSE:WMT) shares with value of $255.75 million were sold by WALTON S ROBSON. BREWER ROSALIND G sold $773,390 worth of stock. Another trade for 3.14M shares valued at $227.56M was made by WALTON JIM C on Tuesday, August 23. McMillon C Douglas had sold 75,063 shares worth $5.19 million on Monday, November 21. Whaley Steven P had sold 1,100 shares worth $78,606.
About 7.44M shares traded hands. Wal-Mart Stores, Inc. (NYSE:WMT) has risen 2.41% since April 21, 2016 and is uptrending. It has underperformed by 2.92% the S&P500.
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 $221.46 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.
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.”
Analysts await Wal-Mart Stores, Inc. (NYSE:WMT) to report earnings on February, 21 before the open. They expect $1.31 EPS, down 12.08% or $0.18 from last year’s $1.49 per share. WMT’s profit will be $4.10B for 13.50 P/E if the $1.31 EPS becomes a reality. After $0.98 actual EPS reported by Wal-Mart Stores, Inc. for the previous quarter, Wall Street now forecasts 33.67% EPS growth.
More notable recent Wal-Mart Stores, Inc. (NYSE:WMT) news were published by: Fool.com which released: “Better Buy: Whole Foods Market, Inc. vs. Wal-Mart Stores, Inc.” on November 23, 2016, also Foxbusiness.com with their article: “Better Buy: Wal-Mart Stores Inc. vs. Target” published on November 18, 2016, Fool.com published: “Better Buy: Costco Wholesale Corporation vs. Wal-Mart Stores, Inc.” on November 16, 2016. More interesting news about Wal-Mart Stores, Inc. (NYSE:WMT) were released by: Investorplace.com and their article: “Buffett Bails on Wal-Mart Stores, Inc. (WMT) Stock. Should You?” published on November 15, 2016 as well as Seekingalpha.com‘s news article titled: “Wal-Mart Remains A Solid Buy” with publication date: November 23, 2016.
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.
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