Wal-Mart Stores (WMT) : Twin Focus Capital Partners added new position in Wal-Mart Stores during the most recent quarter end. The investment management firm now holds 10,008 shares of Wal-Mart Stores which is valued at $739,491 , the company said in a statement filed on Aug 11, 2016 with the SEC.Wal-Mart Stores makes up approximately 0.56% of Twin Focus Capital Partners’s portfolio.
Other Hedge Funds, Including , Scotia Capital boosted its stake in WMT in the latest quarter, The investment management firm added 18,042 additional shares and now holds a total of 222,969 shares of Wal-Mart Stores which is valued at $16,475,179. Wal-Mart Stores makes up approx 0.36% of Scotia Capital’s portfolio.Bedell Frazier Investment Counseling reduced its stake in WMT by selling 75 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 81,150 shares of WMT which is valued at $5,985,624. Wal-Mart Stores makes up approx 2.79% of Bedell Frazier Investment Counseling’s portfolio.Princeton Alpha Management Lp boosted its stake in WMT in the latest quarter, The investment management firm added 78,195 additional shares and now holds a total of 89,625 shares of Wal-Mart Stores which is valued at $6,610,740. Wal-Mart Stores makes up approx 1.12% of Princeton Alpha Management Lp’s portfolio.Tdam Usa reduced its stake in WMT by selling 2,731 shares or 5.31% in the most recent quarter. The Hedge Fund company now holds 48,681 shares of WMT which is valued at $3,590,711. Wal-Mart Stores makes up approx 0.17% of Tdam Usa’s portfolio.Piershale Financial Group boosted its stake in WMT in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,607 shares of Wal-Mart Stores which is valued at $118,661. Wal-Mart Stores makes up approx 0.09% of Piershale Financial Group’s portfolio.
Wal-Mart Stores closed down -0.73 points or -1.00% at $71.97 with 93,91,390 shares getting traded on Tuesday. Post opening the session at $72.89, the shares hit an intraday low of $71.96 and an intraday high of $73.07 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Wal-Mart Stores reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $1.02. The company had revenue of $119405.00 million for the quarter, compared to analysts expectations of $119327.18 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Wal-Mart Stores. Company shares were Reiterated by Telsey Advisory Group on Aug 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Underperform”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .Wal-Mart Stores was Downgraded by Northcoast to ” Neutral” on Jul 12, 2016.
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.