New Jersey Better Educational Savings Trust adds Wal-Mart Stores (WMT) to its portfolio

Wal-Mart Stores (WMT) : New Jersey Better Educational Savings Trust added new position in Wal-Mart Stores during the most recent quarter end. The investment management firm now holds 11,000 shares of Wal-Mart Stores which is valued at $802,340 , the company said in a statement filed on Aug 2, 2016 with the SEC.Wal-Mart Stores makes up approximately 0.51% of New Jersey Better Educational Savings Trust’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D boosted its stake in WMT in the latest quarter, The investment management firm added 120,000 additional shares and now holds a total of 1,384,000 shares of Wal-Mart Stores which is valued at $100,948,960. Wal-Mart Stores makes up approx 0.44% of State Of New Jersey Common Pension Fund D’s portfolio.Wespac Advisors boosted its stake in WMT in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 9,530 shares of Wal-Mart Stores which is valued at $698,740. Wal-Mart Stores makes up approx 0.71% of Wespac Advisors’s portfolio.Crestpoint Capital Management boosted its stake in WMT in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 24,900 shares of Wal-Mart Stores which is valued at $1,838,616. Wal-Mart Stores makes up approx 0.95% of Crestpoint Capital Management’s portfolio.Parasol Investment Management reduced its stake in WMT by selling 240 shares or 11.76% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of WMT which is valued at $132,912. Wal-Mart Stores makes up approx 0.14% of Parasol Investment Management’s portfolio.Somerset Trust Co boosted its stake in WMT in the latest quarter, The investment management firm added 552 additional shares and now holds a total of 16,530 shares of Wal-Mart Stores which is valued at $1,216,939. Wal-Mart Stores makes up approx 0.73% of Somerset Trust Co’s portfolio.

Wal-Mart Stores closed down -0.42 points or -0.57% at $73.34 with 65,77,187 shares getting traded on Monday. Post opening the session at $74, the shares hit an intraday low of $73.04 and an intraday high of $74.07 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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