Wal-Mart Stores (WMT) : Founders Financial Securities reduced its stake in Wal-Mart Stores by 0.44% during the most recent quarter end. The investment management company now holds a total of 49,169 shares of Wal-Mart Stores which is valued at $3,630,639 after selling 216 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Wal-Mart Stores makes up approximately 1.65% of Founders Financial Securities’s portfolio.
Other Hedge Funds, Including , Beacon Capital Management reduced its stake in WMT by selling 855 shares or 59.38% in the most recent quarter. The Hedge Fund company now holds 585 shares of WMT which is valued at $43,196.Nadler Financial Group boosted its stake in WMT in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 3,279 shares of Wal-Mart Stores which is valued at $242,121. Wal-Mart Stores makes up approx 0.10% of Nadler Financial Group’s portfolio.
Wal-Mart Stores opened for trading at $73.25 and hit $73.63 on the upside on Wednesday, eventually ending the session at $73.62, with a gain of 0.48% or 0.35 points. The heightened volatility saw the trading volume jump to 63,98,960 shares. Company has a market cap of $229,448 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. Wal-Mart Stores was Downgraded by Northcoast to ” Neutral” on Jul 12, 2016. Nomura Resumed Wal-Mart Stores on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $81.Company shares were Upgraded by Jefferies on Jun 6, 2016 to ” Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $60 .
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.