Ruane Cunniff Goldfarb Inc Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Ruane Cunniff Goldfarb Inc reduced its stake in Wal-Mart Stores by 15.4% during the most recent quarter end. The investment management company now holds a total of 1,666,115 shares of Wal-Mart Stores which is valued at $123,025,932 after selling 303,258 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Wal-Mart Stores makes up approximately 1.14% of Ruane Cunniff Goldfarb Inc’s portfolio.

Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in WMT by selling 1,609 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 45,734 shares of WMT which is valued at $3,376,999. Wal-Mart Stores makes up approx 0.45% of Sumitomo Life Insurance Co’s portfolio.Trust Department Mb Financial Bank N A reduced its stake in WMT by selling 200 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 1,175 shares of WMT which is valued at $86,762. Wal-Mart Stores makes up approx 0.01% of Trust Department Mb Financial Bank N A’s portfolio.Trust Co Of Oklahoma reduced its stake in WMT by selling 1,930 shares or 29.01% in the most recent quarter. The Hedge Fund company now holds 4,723 shares of WMT which is valued at $348,746. Wal-Mart Stores makes up approx 0.19% of Trust Co Of Oklahoma’s portfolio.American National Bank boosted its stake in WMT in the latest quarter, The investment management firm added 918 additional shares and now holds a total of 93,429 shares of Wal-Mart Stores which is valued at $6,898,797. Wal-Mart Stores makes up approx 2.55% of American National Bank’s portfolio.

Wal-Mart Stores opened for trading at $73.64 and hit $74.18 on the upside on Monday, eventually ending the session at $73.84, with a gain of 0.23% or 0.17 points. The heightened volatility saw the trading volume jump to 54,57,313 shares. Company has a market cap of $230,133 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.

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