Investors Sell Wal-Mart Stores (WMT) on Strength Following Insider Selling

Traders sold shares of Wal-Mart Stores, Inc. (NYSE:WMT) on strength during trading on Thursday following insider selling activity. $107.08 million flowed into the stock on the tick-up and $158.46 million flowed out of the stock on the tick-down, for a money net flow of $51.38 million out of the stock. Of all stocks tracked, Wal-Mart Stores had the 28th highest net out-flow for the day. Wal-Mart Stores traded up $0.01 for the day and closed at $96.78Specifically, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.82, for a total value of $283,744,419.78. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $660,146,095.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,419,109 shares of company stock worth $1,366,198,547. Corporate insiders own 51.39% of the company’s stock.

Several research analysts have recently commented on the company. Moffett Nathanson assumed coverage on Wal-Mart Stores in a report on Monday. They issued a “neutral” rating on the stock. Royal Bank Of Canada raised Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 target price on the stock in a report on Wednesday, November 29th. Vetr raised Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price on the stock in a report on Monday, November 27th. Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Wal-Mart Stores in a report on Wednesday, November 22nd. Finally, Barclays reissued a “buy” rating and issued a $110.00 target price on shares of Wal-Mart Stores in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $92.68.

The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The firm has a market cap of $289,809.84, a price-to-earnings ratio of 22.34, a PEG ratio of 3.61 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. analysts forecast that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Several institutional investors have recently modified their holdings of WMT. Peddock Capital Advisors LLC raised its position in shares of Wal-Mart Stores by 13.9% during the 1st quarter. Peddock Capital Advisors LLC now owns 8,601 shares of the retailer’s stock valued at $620,000 after acquiring an additional 1,047 shares during the last quarter. Denver Investment Advisors LLC increased its position in shares of Wal-Mart Stores by 0.7% in the 1st quarter. Denver Investment Advisors LLC now owns 33,203 shares of the retailer’s stock valued at $2,393,000 after buying an additional 240 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of Wal-Mart Stores by 36.6% in the 1st quarter. Mosaic Family Wealth LLC now owns 17,175 shares of the retailer’s stock valued at $1,237,000 after buying an additional 4,605 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Wal-Mart Stores by 29.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,703 shares of the retailer’s stock valued at $8,052,000 after buying an additional 25,380 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Wal-Mart Stores by 1.2% in the 1st quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock valued at $595,995,000 after buying an additional 99,921 shares in the last quarter. Institutional investors own 30.40% of the company’s stock.

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About Wal-Mart Stores

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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