Wal-Mart Stores (WMT) : Allianz Asset Management Ag reduced its stake in Wal-Mart Stores by 14.5% during the most recent quarter end. The investment management company now holds a total of 7,374,186 shares of Wal-Mart Stores which is valued at $478.9 Million after selling 1,250,531 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on May 13, 2016.Wal-Mart Stores makes up approximately 0.67% of Allianz Asset Management Ag’s portfolio.
Other Hedge Funds, Including , Huber Capital Management reduced its stake in WMT by selling 41,600 shares or 13.53% in the most recent quarter. The Hedge Fund company now holds 265,856 shares of WMT which is valued at $17.3 Million. Wal-Mart Stores makes up approx 0.69% of Huber Capital Management’s portfolio.Optimum Investment Advisors reduced its stake in WMT by selling 1,955 shares or 15.4% in the most recent quarter. The Hedge Fund company now holds 10,742 shares of WMT which is valued at $697,585. Wal-Mart Stores makes up approx 0.28% of Optimum Investment Advisors’s portfolio.Bryn Mawr Trust Co reduced its stake in WMT by selling 267 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 19,894 shares of WMT which is valued at $1.4 Million. Wal-Mart Stores makes up approx 0.09% of Bryn Mawr Trust Co’s portfolio.Capital Advisors Incok boosted its stake in WMT in the latest quarter, The investment management firm added 243 additional shares and now holds a total of 19,353 shares of Wal-Mart Stores which is valued at $1.3 Million. Wal-Mart Stores makes up approx 0.21% of Capital Advisors Incok’s portfolio.
Wal-Mart Stores opened for trading at $70.25 and hit $70.995 on the upside on Wednesday, eventually ending the session at $70.48, with a gain of 0.34% or 0.24 points. The heightened volatility saw the trading volume jump to 72,69,703 shares. Company has a market cap of $221,613 M.
On the company’s financial health, Wal-Mart Stores reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.88. The company had revenue of $114986.00 million for the quarter, compared to analysts expectations of $112675.79 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Reiterated by Telsey Advisory Group on May 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $65 .Company shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Underperform”, Firm has raised the Price Target to $ 69 from a previous price target of $66 .Company shares were Reiterated by Nomura on May 20, 2016 to “Buy”, Firm has raised the Price Target to $ 81 from a previous price target of $70 .
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.