Azimuth Capital Management buys $11.9 Million stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Azimuth Capital Management scooped up 2,070 additional shares in Wal-Mart Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 182,766 shares of Wal-Mart Stores which is valued at $11.9 Million.Wal-Mart Stores makes up approximately 1.14% of Azimuth Capital Management’s portfolio.

Other Hedge Funds, Including , Bradley Foster Sargent Incct reduced its stake in WMT by selling 12,455 shares or 60.89% in the most recent quarter. The Hedge Fund company now holds 8,000 shares of WMT which is valued at $519,520. Wal-Mart Stores makes up approx 0.02% of Bradley Foster Sargent Incct’s portfolio.Samsung Asset Management (new York) reduced its stake in WMT by selling 8,420 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 88,340 shares of WMT which is valued at $5.7 Million. Wal-Mart Stores makes up approx 2.63% of Samsung Asset Management (new York)’s portfolio.Td Asset Management Inc reduced its stake in WMT by selling 21,727 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 1,541,678 shares of WMT which is valued at $105.2 Million. Wal-Mart Stores makes up approx 0.20% of Td Asset Management Inc’s portfolio.Advisors Capital Management reduced its stake in WMT by selling 465 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 149,998 shares of WMT which is valued at $10 Million. Wal-Mart Stores makes up approx 1.02% of Advisors Capital Management’s portfolio.Commonwealth Equity Services Inc boosted its stake in WMT in the latest quarter, The investment management firm added 25,497 additional shares and now holds a total of 377,826 shares of Wal-Mart Stores which is valued at $25.3 Million. Wal-Mart Stores makes up approx 0.22% of Commonwealth Equity Services Inc’s portfolio.

Wal-Mart Stores opened for trading at $64.86 and hit $66.35 on the upside on Monday, eventually ending the session at $66.02, with a gain of 1.66% or 1.08 points. The heightened volatility saw the trading volume jump to 1,01,81,795 shares. Company has a market cap of $207,589 M.

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. RBC Capital Mkts Initiated Wal-Mart Stores on May 3, 2016 to “Underperform”, Price Target of the shares are set at $66.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 .

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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