Physicians Financial Services Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Physicians Financial Services reduced its stake in Wal-Mart Stores by 0.39% during the most recent quarter end. The investment management company now holds a total of 44,383 shares of Wal-Mart Stores which is valued at $2,967,891 after selling 172 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Wal-Mart Stores makes up approximately 2.70% of Physicians Financial Services’s portfolio.

Wal-Mart Stores opened for trading at $66.62 and hit $67.7 on the upside on Monday, eventually ending the session at $67.59, with a gain of 1.08% or 0.72 points. The heightened volatility saw the trading volume jump to 76,09,700 shares. Company has a market cap of $212,526 M.

Other Hedge Funds, Including , Everett Harris Co Ca reduced its stake in WMT by selling 22,145 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 434,070 shares of WMT which is valued at $29,026,261. Wal-Mart Stores makes up approx 1.05% of Everett Harris Co Ca’s portfolio. Headinvest added WMT to its portfolio by purchasing 45,091 company shares during the most recent quarter which is valued at $3,098,654. Wal-Mart Stores makes up approx 1.20% of Headinvest’s portfolio.Regent Investment Management reduced its stake in WMT by selling 780 shares or 15.72% in the most recent quarter. The Hedge Fund company now holds 4,183 shares of WMT which is valued at $287,456. Wal-Mart Stores makes up approx 0.16% of Regent Investment Management’s portfolio. Donald L. Hagan added WMT to its portfolio by purchasing 2,192 company shares during the most recent quarter which is valued at $151,380. Wal-Mart Stores makes up approx 0.14% of Donald L. Hagan’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. 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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