Mercer Capital Advisers Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Mercer Capital Advisers reduced its stake in Wal-Mart Stores by 1.36% during the most recent quarter end. The investment management company now holds a total of 46,237 shares of Wal-Mart Stores which is valued at $3,177,407 after selling 639 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Wal-Mart Stores makes up approximately 2.68% of Mercer Capital Advisers’s portfolio.

Wal-Mart Stores opened for trading at $69.49 and hit $69.78 on the upside on Wednesday, eventually ending the session at $69.42, with a gain of 0.17% or 0.12 points. The heightened volatility saw the trading volume jump to 51,47,280 shares. Company has a market cap of $218,280 M.

Other Hedge Funds, Including , Seaward Management Limited Partnership reduced its stake in WMT by selling 1,730 shares or 4.26% in the most recent quarter. The Hedge Fund company now holds 38,917 shares of WMT which is valued at $2,674,376. Wal-Mart Stores makes up approx 0.14% of Seaward Management Limited Partnership’s portfolio.Stokes Hubbell Capital Management boosted its stake in WMT in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 6,979 shares of Wal-Mart Stores which is valued at $479,597. Wal-Mart Stores makes up approx 0.22% of Stokes Hubbell Capital Management’s portfolio.Foster Motley Inc reduced its stake in WMT by selling 285 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 54,575 shares of WMT which is valued at $3,750,394. Wal-Mart Stores makes up approx 0.75% of Foster Motley Inc’s portfolio.Private Bank Trust Co boosted its stake in WMT in the latest quarter, The investment management firm added 252 additional shares and now holds a total of 11,998 shares of Wal-Mart Stores which is valued at $824,503. Wal-Mart Stores makes up approx 0.14% of Private Bank Trust Co’s portfolio.Edge Wealth Management reduced its stake in WMT by selling 9,563 shares or 7.35% in the most recent quarter. The Hedge Fund company now holds 120,626 shares of WMT which is valued at $8,130,192. Wal-Mart Stores makes up approx 3.71% of Edge Wealth Management’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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