M Holdings Securities buys $2.5 Million stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : M Holdings Securities scooped up 22,944 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 25, 2016. The investment management firm now holds a total of 35,301 shares of Wal-Mart Stores which is valued at $2.5 Million.Wal-Mart Stores makes up approximately 1.51% of M Holdings Securities’s portfolio.

Other Hedge Funds, Including , Strategic Wealth Advisors Groupinc. added WMT to its portfolio by purchasing 9,435 company shares during the most recent quarter which is valued at $667,526. Wal-Mart Stores makes up approx 0.21% of Strategic Wealth Advisors Groupinc.’s portfolio. Renaissance Technologies added WMT to its portfolio by purchasing 7,800 company shares during the most recent quarter which is valued at $506,532.Meiji Yasuda Asset Management Co Ltd. reduced its stake in WMT by selling 485 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 40,622 shares of WMT which is valued at $2.6 Million. Wal-Mart Stores makes up approx 0.60% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Cognios Capital boosted its stake in WMT in the latest quarter, The investment management firm added 351 additional shares and now holds a total of 16,018 shares of Wal-Mart Stores which is valued at $1 Million. Wal-Mart Stores makes up approx 0.39% of Cognios Capital’s portfolio.Relative Value Partners Group boosted its stake in WMT in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 4,400 shares of Wal-Mart Stores which is valued at $285,736. Wal-Mart Stores makes up approx 0.03% of Relative Value Partners Group’s portfolio.

Wal-Mart Stores closed down -0.28 points or -0.40% at $70.5 with 72,21,459 shares getting traded on Wednesday. Post opening the session at $70.5, the shares hit an intraday low of $70.41 and an intraday high of $70.905 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Leave a Reply

Wal-Mart Stores - Is it time to Sell?

Top Brokerage Firms are advising their investors on Wal-Mart Stores. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.