ClariVest Asset Management LLC lowered its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 520,079 shares of the retailer’s stock after selling 14,208 shares during the quarter. Wal-Mart Stores makes up 0.9% of ClariVest Asset Management LLC’s portfolio, making the stock its 23rd biggest position. ClariVest Asset Management LLC’s holdings in Wal-Mart Stores were worth $39,360,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Winfield Associates Inc. grew its position in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in shares of Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the last quarter. TrimTabs Asset Management LLC grew its position in shares of Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the last quarter. Kistler Tiffany Companies LLC grew its position in shares of Wal-Mart Stores by 124.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the last quarter. Finally, Grove Bank & Trust grew its position in shares of Wal-Mart Stores by 49.8% in the 2nd quarter. Grove Bank & Trust now owns 2,015 shares of the retailer’s stock worth $152,000 after buying an additional 670 shares during the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “ClariVest Asset Management LLC Sells 14,208 Shares of Wal-Mart Stores, Inc. (WMT)” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://theolympiareport.com/2017/10/20/clarivest-asset-management-llc-sells-14208-shares-of-wal-mart-stores-inc-wmt.html.

A number of research analysts have recently issued reports on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $74.00 price objective on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Wal-Mart Stores in a research report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores currently has a consensus rating of “Hold” and a consensus target price of $84.38.

Wal-Mart Stores, Inc. (NYSE:WMT) opened at 86.40 on Friday. The firm has a market capitalization of $258.09 billion, a PE ratio of 20.76 and a beta of 0.29. The company has a 50 day moving average of $80.90 and a 200 day moving average of $77.99. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $86.95.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same period last year, the firm posted $1.07 EPS. Wal-Mart Stores’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.

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

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 646,330 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the sale, the director now owns 3,344,956 shares in the company, valued at $268,265,471.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock worth $785,676,492 over the last 90 days. Insiders own 51.39% of the company’s stock.

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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.