First Quadrant L Pca Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : First Quadrant L Pca reduced its stake in Wal-Mart Stores by 1.15% during the most recent quarter end. The investment management company now holds a total of 725,228 shares of Wal-Mart Stores which is valued at $49,837,668 after selling 8,413 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Wal-Mart Stores makes up approximately 1.07% of First Quadrant L Pca’s portfolio.

Wal-Mart Stores opened for trading at $68.82 and hit $68.94 on the upside on Friday, eventually ending the session at $68.72, with a gain of 0.37% or 0.25 points. The heightened volatility saw the trading volume jump to 62,15,117 shares. Company has a market cap of $216,079 M.

Other Hedge Funds, Including , Centurylink Investment Management Co reduced its stake in WMT by selling 32,947 shares or 76.42% in the most recent quarter. The Hedge Fund company now holds 10,166 shares of WMT which is valued at $698,608. Wal-Mart Stores makes up approx 0.25% of Centurylink Investment Management Co’s portfolio.Mission Wealth Management reduced its stake in WMT by selling 285 shares or 5.69% in the most recent quarter. The Hedge Fund company now holds 4,720 shares of WMT which is valued at $325,963. Wal-Mart Stores makes up approx 0.09% of Mission Wealth Management’s portfolio. Simplex Trading sold out all of its stake in WMT during the most recent quarter. The investment firm sold 5,017 shares of WMT which is valued $346,474. Integral Derivatives sold out all of its stake in WMT during the most recent quarter. The investment firm sold 13,998 shares of WMT which is valued $966,702.Chelsea Counsel Co reduced its stake in WMT by selling 1,833 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 77,875 shares of WMT which is valued at $5,248,775. Wal-Mart Stores makes up approx 1.52% of Chelsea Counsel Co’s portfolio.

On the company’s financial health, Wal-Mart Stores reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $1.44. The company had revenue of $128684.00 million for the quarter, compared to analysts expectations of $130407.04 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.61 EPS.

Many Wall Street Analysts have commented on Wal-Mart Stores. Wal-Mart Stores was Resumed by Barclays to “Equal Weight” on Mar 31, 2016. Company shares were Reiterated by MKM Partners on Feb 19, 2016 to “Neutral”, Firm has raised the Price Target to $ 65 from a previous price target of $63 .Company shares were Reiterated by UBS on Feb 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 66 from a previous price target of $64 .

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.

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