Investors Buy Wal-Mart Stores, Inc. (WMT) on Weakness on Insider Selling

Investors purchased shares of Wal-Mart Stores, Inc. (NYSE:WMT) on weakness during trading on Friday following insider selling activity. $114.40 million flowed into the stock on the tick-up and $62.25 million flowed out of the stock on the tick-down, for a money net flow of $52.15 million into the stock. Of all equities tracked, Wal-Mart Stores had the 8th highest net in-flow for the day. Wal-Mart Stores traded down ($0.18) for the day and closed at $78.13Specifically, insider David Chojnowski sold 5,142 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $79.36, for a total transaction of $408,069.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 3,278,735 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $79.00, for a total value of $259,020,065.00. Following the transaction, the insider now owns 10,507,224 shares in the company, valued at $830,070,696. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,980,991 shares of company stock worth $1,814,159,476. 51.39% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on WMT. Sanford C. Bernstein restated a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. Vetr upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating and set a $90.92 target price on the stock in a report on Thursday. Jefferies Group LLC restated a “buy” rating and set a $88.00 target price on shares of Wal-Mart Stores in a report on Wednesday, June 14th. Pacific Crest cut Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Finally, Stifel Nicolaus upped their price objective on Wal-Mart Stores from $70.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, February 22nd. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $78.80.

The company’s 50-day moving average is $77.60 and its 200-day moving average is $72.06. The firm has a market cap of $227.59 billion, a PE ratio of 17.14 and a beta of 0.30. Wal-Mart Stores also was the recipient of some unusual options trading activity on Friday. Traders purchased 9,731 call options on the company. This is an increase of 278% compared to the average daily volume of 2,572 call options.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $116.53 billion during the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. Wal-Mart Stores’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. On average, equities research analysts expect that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC raised its stake in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares in the last quarter. Glassman Wealth Services raised its stake in shares of Wal-Mart Stores by 68.3% in the first quarter. Glassman Wealth Services now owns 1,471 shares of the retailer’s stock worth $106,000 after buying an additional 597 shares in the last quarter. Asset Planning Services Ltd. raised its stake in shares of Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Wal-Mart Stores by 6,777.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 114,171 shares of the retailer’s stock worth $114,000 after buying an additional 112,511 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Wal-Mart Stores by 187.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,620 shares of the retailer’s stock worth $117,000 after buying an additional 1,056 shares in the last quarter. 30.14% of the stock is owned by hedge funds and other institutional investors.

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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 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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