Canada Pension Plan Investment Board Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Canada Pension Plan Investment Board reduced its stake in Wal-Mart Stores by 16.18% during the most recent quarter end. The investment management company now holds a total of 1,461,334 shares of Wal-Mart Stores which is valued at $107,977,969 after selling 282,000 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Wal-Mart Stores makes up approximately 0.41% of Canada Pension Plan Investment Board’s portfolio.

Other Hedge Funds, Including , Horizon Investments reduced its stake in WMT by selling 7,677 shares or 13.5% in the most recent quarter. The Hedge Fund company now holds 49,203 shares of WMT which is valued at $3,635,610. Wal-Mart Stores makes up approx 0.26% of Horizon Investments’s portfolio.Hm Payson Co reduced its stake in WMT by selling 36,340 shares or 12.53% in the most recent quarter. The Hedge Fund company now holds 253,778 shares of WMT which is valued at $18,728,816. Wal-Mart Stores makes up approx 0.90% of Hm Payson Co’s portfolio.Morningstar Investment Services reduced its stake in WMT by selling 2,606 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 181,537 shares of WMT which is valued at $13,390,169. Wal-Mart Stores makes up approx 0.42% of Morningstar Investment Services’s portfolio.Athena Capital Advisors reduced its stake in WMT by selling 1,783 shares or 28.73% in the most recent quarter. The Hedge Fund company now holds 4,422 shares of WMT which is valued at $325,238. Wal-Mart Stores makes up approx 0.10% of Athena Capital Advisors’s portfolio.Checchi Capital Advisers reduced its stake in WMT by selling 187 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 24,436 shares of WMT which is valued at $1,797,268. Wal-Mart Stores makes up approx 0.44% of Checchi Capital Advisers’s portfolio.

Wal-Mart Stores closed down -0.73 points or -1.00% at $71.97 with 93,91,390 shares getting traded on Tuesday. Post opening the session at $72.89, the shares hit an intraday low of $71.96 and an intraday high of $73.07 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Wal-Mart Stores reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $1.02. The company had revenue of $119405.00 million for the quarter, compared to analysts expectations of $119327.18 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Reiterated by Telsey Advisory Group on Aug 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Underperform”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .Wal-Mart Stores was Downgraded by Northcoast to ” Neutral” on Jul 12, 2016.

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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