Northstar Group Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Northstar Group reduced its stake in Wal-Mart Stores by 3.85% during the most recent quarter end. The investment management company now holds a total of 27,942 shares of Wal-Mart Stores which is valued at $1,929,675 after selling 1,120 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Wal-Mart Stores makes up approximately 1.46% of Northstar Group’s portfolio.

Wal-Mart Stores closed down -0.74 points or -1.07% at $68.47 with 66,17,616 shares getting traded on Wednesday. Post opening the session at $69.47, the shares hit an intraday low of $68.24 and an intraday high of $69.68 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , North American Management Corp reduced its stake in WMT by selling 5,310 shares or 16.04% in the most recent quarter. The Hedge Fund company now holds 27,801 shares of WMT which is valued at $1,919,937. Wal-Mart Stores makes up approx 0.31% of North American Management Corp’s portfolio.Country Club Trust Company N.a. boosted its stake in WMT in the latest quarter, The investment management firm added 44,610 additional shares and now holds a total of 256,973 shares of Wal-Mart Stores which is valued at $17,746,555. Wal-Mart Stores makes up approx 2.64% of Country Club Trust Company N.a.’s portfolio.Capstone Asset Management Co reduced its stake in WMT by selling 60,690 shares or 19.41% in the most recent quarter. The Hedge Fund company now holds 252,026 shares of WMT which is valued at $17,404,916. Wal-Mart Stores makes up approx 0.50% of Capstone Asset Management 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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