Frontier Investment Mgmt Co. Buys Shares of 171,548 Wal-Mart Stores, Inc. (WMT)

Frontier Investment Mgmt Co. bought a new stake in Wal-Mart Stores, Inc. (NYSE:WMT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 171,548 shares of the retailer’s stock, valued at approximately $12,983,000. Wal-Mart Stores accounts for about 1.2% of Frontier Investment Mgmt Co.’s investment portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winfield Associates Inc. raised its stake in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after acquiring an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after acquiring an additional 696 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC raised its stake in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the last quarter. 30.65% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on WMT. Credit Suisse Group reaffirmed a “hold” rating and set a $84.00 price objective on shares of Wal-Mart Stores in a research note on Friday, August 18th. Oppenheimer reaffirmed a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a research note on Friday, August 18th. Telsey Advisory Group reduced their price objective on 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 upped their price objective on Wal-Mart Stores from $83.00 to $92.00 and gave the company an “underperform” rating in a research note on Friday, November 17th. Finally, Moffett Nathanson began coverage on Wal-Mart Stores in a research note on Monday, December 4th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.96.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down $0.02 during mid-day trading on Friday, hitting $97.11. The stock had a trading volume of 16,141,258 shares, compared to its average volume of 9,437,804. The stock has a market cap of $287,691.72, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 3.58 and a beta of 0.37. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $100.13. 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 (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. analysts expect that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.

Wal-Mart Stores announced that its board has authorized a share repurchase program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, major shareholder Alice L. Walton sold 2,900,679 shares of the company’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 sale, the insider now owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 826,617 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now owns 3,345,065 shares in the company, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,421,174 shares of company stock worth $1,366,398,832. Insiders own 51.39% 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.

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

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