Lafayette Investments Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Lafayette Investments reduced its stake in Wal-Mart Stores by 0.05% during the most recent quarter end. The investment management company now holds a total of 140,027 shares of Wal-Mart Stores which is valued at $9.1 Million after selling 67 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on May 13, 2016.Wal-Mart Stores makes up approximately 3.77% of Lafayette Investments’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management boosted its stake in WMT in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 32,301 shares of Wal-Mart Stores which is valued at $2.1 Million. Wal-Mart Stores makes up approx 0.20% of Shelton Capital Management’s portfolio.Nippon Life Global Investors Americas reduced its stake in WMT by selling 15,450 shares or 8.69% in the most recent quarter. The Hedge Fund company now holds 162,275 shares of WMT which is valued at $10.5 Million. Wal-Mart Stores makes up approx 1.00% of Nippon Life Global Investors Americas’s portfolio.Investment Counselors Of Maryland reduced its stake in WMT by selling 6,625 shares or 21.82% in the most recent quarter. The Hedge Fund company now holds 23,733 shares of WMT which is valued at $1.5 Million. Wal-Mart Stores makes up approx 0.09% of Investment Counselors Of Maryland’s portfolio.Argent Trust Co reduced its stake in WMT by selling 689 shares or 3.85% in the most recent quarter. The Hedge Fund company now holds 17,197 shares of WMT which is valued at $1.1 Million. Wal-Mart Stores makes up approx 0.54% of Argent Trust Co’s portfolio.Saratoga Research Investment Management boosted its stake in WMT in the latest quarter, The investment management firm added 29,931 additional shares and now holds a total of 878,074 shares of Wal-Mart Stores which is valued at $58.7 Million. Wal-Mart Stores makes up approx 5.24% of Saratoga Research Investment Management’s portfolio.

Wal-Mart Stores opened for trading at $70.25 and hit $70.995 on the upside on Wednesday, eventually ending the session at $70.48, with a gain of 0.34% or 0.24 points. The heightened volatility saw the trading volume jump to 72,69,703 shares. Company has a market cap of $221,613 M.

On the company’s financial health, Wal-Mart Stores reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.88. The company had revenue of $114986.00 million for the quarter, compared to analysts expectations of $112675.79 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Reiterated by Telsey Advisory Group on May 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $65 .Company shares were Reiterated by RBC Capital Mkts on May 20, 2016 to “Underperform”, Firm has raised the Price Target to $ 69 from a previous price target of $66 .Company shares were Reiterated by Nomura on May 20, 2016 to “Buy”, Firm has raised the Price Target to $ 81 from a previous price target of $70 .

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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