The Wal-Mart Stores Inc. (WMT) Position Cut by Sequent Asset Management LLC

The Wal-Mart Stores Inc. (WMT) Position Cut by Sequent Asset Management LLC

Sequent Asset Management LLC reduced its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,476 shares of the retailer’s stock after selling 127 shares during the period. Wal-Mart Stores makes up approximately 0.6% of Sequent Asset Management LLC’s portfolio, making the stock its 29th largest position. Sequent Asset Management LLC’s holdings in Wal-Mart Stores were worth $972,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in WMT. Goelzer Investment Management Inc. raised its position in shares of Wal-Mart Stores by 1.6% in the second quarter. Goelzer Investment Management Inc. now owns 81,136 shares of the retailer’s stock worth $5,925,000 after buying an additional 1,310 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Wal-Mart Stores by 0.4% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 75,480 shares of the retailer’s stock worth $5,512,000 after buying an additional 275 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of Wal-Mart Stores by 53.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 246,561 shares of the retailer’s stock worth $18,003,000 after buying an additional 85,876 shares in the last quarter. Shinko Asset Management Co. Ltd. raised its position in shares of Wal-Mart Stores by 0.4% in the second quarter. Shinko Asset Management Co. Ltd. now owns 7,692 shares of the retailer’s stock worth $562,000 after buying an additional 28 shares in the last quarter. Finally, Kanaly Trust Co raised its position in shares of Wal-Mart Stores by 27.7% in the second quarter. Kanaly Trust Co now owns 2,255 shares of the retailer’s stock worth $165,000 after buying an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.72% on Thursday, hitting $67.62. The company’s stock had a trading volume of 6,821,078 shares. Wal-Mart Stores Inc. has a 52 week low of $60.91 and a 52 week high of $75.19. The firm has a market cap of $207.81 billion, a price-to-earnings ratio of 14.67 and a beta of 0.10. The stock’s 50-day moving average price is $69.81 and its 200-day moving average price is $71.16.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The firm had revenue of $118.20 billion for the quarter, compared to analyst estimates of $118.69 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Equities analysts expect that Wal-Mart Stores Inc. will post $4.32 earnings per share for the current fiscal year.

A number of brokerages have weighed in on WMT. Buckingham Research set a $70.00 price target on shares of Wal-Mart Stores and gave the company a “hold” rating in a report on Wednesday, September 28th. Barclays PLC raised shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $87.00 in a report on Thursday, September 22nd. Citigroup Inc. reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Monday, October 3rd. JPMorgan Chase & Co. set a $75.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday, October 4th. Finally, Macquarie set a $61.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday, October 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus price target of $74.68.

In related news, insider Rosalind G. Brewer sold 32,350 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $68.32, for a total transaction of $2,210,152.00. Following the transaction, the insider now directly owns 245,328 shares of the company’s stock, valued at approximately $16,760,808.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 75,063 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $69.08, for a total value of $5,185,352.04. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by insiders.

Wal-Mart Stores Company Profile

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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

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