Janus Henderson Group PLC grew its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 17.3% in the third quarter, HoldingsChannel reports. The firm owned 974,244 shares of the retailer’s stock after buying an additional 143,678 shares during the quarter. Janus Henderson Group PLC’s holdings in Wal-Mart Stores were worth $76,126,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares in the last quarter. FMR LLC lifted its stake in Wal-Mart Stores by 45.3% in the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after purchasing an additional 5,608,785 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Wal-Mart Stores by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 14,804,523 shares of the retailer’s stock worth $1,156,909,000 after purchasing an additional 224,821 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Wal-Mart Stores by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock worth $701,080,000 after purchasing an additional 174,296 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Wal-Mart Stores by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock worth $696,979,000 after purchasing an additional 45,217 shares during the last quarter. Hedge funds and other institutional investors own 30.62% of the company’s stock.
Several analysts have issued reports on the stock. Telsey Advisory Group decreased their price objective on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, November 17th. Royal Bank of Canada raised their price objective on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a research note on Friday, November 17th. Moffett Nathanson assumed coverage on shares of Wal-Mart Stores in a research note on Monday, December 4th. They set a “neutral” rating for the company. Wells Fargo & Co set a $101.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $100.01.
In other news, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the sale, 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. Insiders have sold 12,419,588 shares of company stock worth $1,207,333,538 over the last three months. Corporate insiders own 51.39% of the company’s stock.
Shares of Wal-Mart Stores Inc (WMT) opened at $100.09 on Tuesday. The firm has a market cap of $296,500.00, a price-to-earnings ratio of 26.62, a PEG ratio of 3.76 and a beta of 0.42. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores Inc has a 1-year low of $66.37 and a 1-year high of $109.98.
Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. analysts predict that Wal-Mart Stores Inc will post 4.43 EPS for the current fiscal year.
Wal-Mart Stores declared that its board has initiated a share repurchase plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Wal-Mart Stores Profile
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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