Hamel Associates Lowers stake in Wal-Mart Stores (WMT)

Wal-Mart Stores (WMT) : Hamel Associates reduced its stake in Wal-Mart Stores by 0.22% during the most recent quarter end. The investment management company now holds a total of 97,237 shares of Wal-Mart Stores which is valued at $7,176,091 after selling 215 shares in Wal-Mart Stores , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Wal-Mart Stores makes up approximately 3.77% of Hamel Associates’s portfolio.

Other Hedge Funds, Including , Page Arthur B reduced its stake in WMT by selling 3,013 shares or 18.2% in the most recent quarter. The Hedge Fund company now holds 13,542 shares of WMT which is valued at $999,400. Wal-Mart Stores makes up approx 0.97% of Page Arthur B’s portfolio.Wheatland Advisors Inc boosted its stake in WMT in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 13,009 shares of Wal-Mart Stores which is valued at $948,876. Wal-Mart Stores makes up approx 0.50% of Wheatland Advisors Inc’s portfolio.Gabalex Capital Management reduced its stake in WMT by selling 50,000 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 200,000 shares of WMT which is valued at $14,588,000. Wal-Mart Stores makes up approx 5.26% of Gabalex Capital Management’s portfolio.Umb Bank N Amo reduced its stake in WMT by selling 8,678 shares or 11.55% in the most recent quarter. The Hedge Fund company now holds 66,486 shares of WMT which is valued at $4,874,754. Wal-Mart Stores makes up approx 0.20% of Umb Bank N Amo’s portfolio.Barrett Asset Management reduced its stake in WMT by selling 1,272 shares or 96.95% in the most recent quarter. The Hedge Fund company now holds 40 shares of WMT which is valued at $2,952.

Wal-Mart Stores closed down -0.57 points or -0.77% at $73.32 with 96,36,116 shares getting traded on Monday. Post opening the session at $73.81, the shares hit an intraday low of $73.11 and an intraday high of $74.01 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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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