BidaskClub Downgrades Wal-Mart Stores, Inc. (WMT) to Buy

Xavier Trudeau
Juillet 17, 2017

It also increased its holding in Danaher Corp Del (NYSE:DHR) by 101,260 shares in the quarter, for a total of 101,625 shares, and has risen its stake in Pinnacle Foods (NYSE:PF). The empirical findings suggest that institutional trading as measured by institutional ownership flows prove to be a good gauge of stock returns. AT Bancorp's holdings in Wal-Mart Stores were worth $1,424,000 at the end of the most recent reporting period. Cohen Lawrence B raised its position in Wal-Mart Stores by 0.4% in the first quarter. Alexandria Capital LLC increased its stake in shares of Wal-Mart Stores by 0.9% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer's stock worth $723,738,000 after buying an additional 256,833 shares during the period. LLC raised its stake in Wal-Mart Stores by 60.4% in the first quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer's stock worth $136,000 after buying an additional 820 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 510,056 shares of the retailer's stock worth $36,765,000 after buying an additional 94,617 shares in the last quarter. The firm owned 1,928,782 shares of the retailer's stock after selling 56,521 shares during the period. Longer has invested 0.23% in Wal-Mart Stores Inc (NYSE:WMT). (NYSE:WMT) traded up 1.72% during mid-day trading on Friday, hitting $76.34. The stock has a 50 day moving average price of $77.53 and a 200-day moving average price of $72.40. Wal-Mart Stores, Inc. The stock has a market cap of $230.13 billion, a P/E ratio of 17.33 and a beta of 0.28.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 18th. The business had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Amica Pension Fund Board Of Trustees stated it has 0.6% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT). The company's revenue was up 1.3% on a year-over-year basis. During the same quarter past year, the firm posted $0.98 EPS. Analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.

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NTV Asset Management LLC lowered its position in Wal-Mart Stores, Inc.

A number of brokerages have commented on WMT. Wells Fargo & Company reiterated a "hold" rating on shares of Wal-Mart Stores in a research note on Sunday, June 4th. The firm earned "Market Perform" rating on Friday, October 7 by Telsey Advisory Group. (The) restated a "neutral" rating and set a $74.00 price objective on shares of Wal-Mart Stores in a report on Monday, May 15th. Gordon Haskett initiated coverage on Wal-Mart Stores in a research report on Tuesday, May 9th. Finally, Sanford C. Bernstein reaffirmed a "buy" rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have given a buy rating to the stock. The stock now has an average rating of "Hold" and an average price target of $77.93.

In other news, insider David Chojnowski sold 5,142 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.00, for a total transaction of $259,020,065.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 1,322 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $78.61, for a total value of $103,870,537.40. The disclosure for this sale can be found here. Several investors look for stocks with a high percent of insider ownership, under this theory when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Corporate insiders own 51.39% of the company's stock.

Wal-Mart Stores, Inc.is engaged in the operation of retail, wholesale and other units in various formats around the world. The Firm operates through three divisions: 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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