Horan Capital Management Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Horan Capital Management reduced its stake in Wal-Mart Stores by 2.94% during the most recent quarter end. The investment management company now holds a total of 221,630 shares of Wal-Mart Stores which is valued at $15,230,414 after selling 6,704 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Wal-Mart Stores makes up approximately 4.15% of Horan Capital Management’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 , Btim Corp. boosted its stake in WMT in the latest quarter, The investment management firm added 33,440 additional shares and now holds a total of 124,417 shares of Wal-Mart Stores which is valued at $8,549,936. Wal-Mart Stores makes up approx 0.15% of Btim Corp.’s portfolio.Fisher Asset Management boosted its stake in WMT in the latest quarter, The investment management firm added 26,642 additional shares and now holds a total of 278,412 shares of Wal-Mart Stores which is valued at $19,132,473. Wal-Mart Stores makes up approx 0.04% of Fisher Asset Management’s portfolio.Patten Patten Inctn reduced its stake in WMT by selling 555 shares or 6.46% in the most recent quarter. The Hedge Fund company now holds 8,036 shares of WMT which is valued at $554,966. Wal-Mart Stores makes up approx 0.08% of Patten Patten Inctn’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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