R. G. Niederhoffer Capital Management Inc adds Wal-Mart Stores (WMT) to its portfolio

Wal-Mart Stores (WMT) : R. G. Niederhoffer Capital Management Inc added new position in Wal-Mart Stores during the most recent quarter end. The investment management firm now holds 23,000 shares of Wal-Mart Stores which is valued at $1.5 Million , the company said in a statement filed on May 11, 2016 with the SEC.Wal-Mart Stores makes up approximately 11.17% of R. G. Niederhoffer Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Banque Pictet Cie Sa boosted its stake in WMT in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 28,344 shares of Wal-Mart Stores which is valued at $1.9 Million. Wal-Mart Stores makes up approx 0.05% of Banque Pictet Cie Sa’s portfolio.Bryn Mawr Trust Co reduced its stake in WMT by selling 267 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 19,894 shares of WMT which is valued at $1.4 Million. Wal-Mart Stores makes up approx 0.09% of Bryn Mawr Trust Co’s portfolio.Iab Financial Bank reduced its stake in WMT by selling 725 shares or 10.58% in the most recent quarter. The Hedge Fund company now holds 6,125 shares of WMT which is valued at $409,579. Wal-Mart Stores makes up approx 0.28% of Iab Financial Bank’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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