Institutional Move: Proshare Advisors LLC Has Boosted Its Holding in Wal (WMT) by $3.01 Million as Valuation Declined

Institutional Move: Proshare Advisors LLC Has Boosted Its Holding in Wal (WMT) by $3.01 Million as Valuation Declined

Proshare Advisors Llc increased its stake in Wal (WMT) by 4.92% based on its latest 2016Q3 regulatory filing with the SEC. Proshare Advisors Llc bought 41,839 shares as the company’s stock declined 0.95% while stock markets rallied. The institutional investor held 892,599 shares of the consumer services company at the end of 2016Q3, valued at $64.37M, up from 850,760 at the end of the previous reported quarter. Proshare Advisors Llc who had been investing in Wal for a number of months, seems to be bullish on the $211.07B market cap company. The stock decreased 0.67% or $0.46 during the last trading session, hitting $68.23. Wal-Mart Stores, Inc. (NYSE:WMT) has declined 3.94% since June 7, 2016 and is downtrending. It has underperformed by 11.36% the S&P500.

Proshare Advisors Llc, which manages about $28.14 billion and $7.16 billion US Long portfolio, decreased its stake in Nxp Semiconductors N V (NASDAQ:NXPI) by 40,227 shares to 58,415 shares, valued at $5.96 million in 2016Q3, according to the filing. It also reduced its holding in Amgen Inc (NASDAQ:AMGN) by 153,823 shares in the quarter, leaving it with 374,059 shares, and cut its stake in Pfizer Inc (NYSE:PFE).

Proshare Advisors Llc is a Maryland-based institutional investor with more than $28.14 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Proshare Advisors latest Adv, the fund reported to have 87 full and part-time employees. Among which 42 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q3. Its up 0.22, from 0.9 in 2016Q2. The ratio is positive, as 53 funds sold all WMT shares owned while 505 reduced positions. 129 funds bought stakes while 497 increased positions. They now own 867.04 million shares or 3.27% less from 896.36 million shares in 2016Q2. Diversified Trust last reported 45,283 shares in the company. Huntington Bankshares holds 0.29% of its portfolio in Wal-Mart Stores, Inc. (NYSE:WMT) for 214,812 shares. Dimensional Fund Advsr L P, a Texas-based fund reported 8.44M shares. Barclays Public Limited Company holds 0.16% or 2.01 million shares in its portfolio. Adirondack Tru holds 5,682 shares or 0.29% of its portfolio. Fincl Bank Of America Corporation De last reported 18.38M shares in the company. Brown Brothers Harriman Company holds 2.16% or 5.64M shares in its portfolio. Greatmark Investment Partners has invested 0.59% of its portfolio in Wal-Mart Stores, Inc. (NYSE:WMT). Adell Harriman And Carpenter Inc has invested 0% of its portfolio in Wal-Mart Stores, Inc. (NYSE:WMT). Moreover, Reliance Trust Company Of Delaware has 0.36% invested in Wal-Mart Stores, Inc. (NYSE:WMT) for 32,726 shares. Montgomery Investment Mgmt Inc, a Maryland-based fund reported 17,554 shares. Weatherly Asset LP last reported 0.24% of its portfolio in the stock. Cwm Llc holds 70,364 shares or 0.35% of its portfolio. Moreover, Beck Mngmt Lc has 1.75% invested in Wal-Mart Stores, Inc. (NYSE:WMT) for 39,919 shares. Nordea Invest Mngmt Ab holds 0.13% of its portfolio in Wal-Mart Stores, Inc. (NYSE:WMT) for 711,975 shares.

Insider Transactions: Since August 19, 2016, the stock had 0 insider buys, and 15 insider sales for $2.66 billion net activity. WALTON JIM C also sold $250.14 million worth of Wal-Mart Stores, Inc. (NYSE:WMT) on Thursday, August 25. On Thursday, January 5 the insider BREWER ROSALIND G sold $2.21M. Another trade for 3.50M shares valued at $255.75M was made by WALTON S ROBSON on Friday, August 19. WALTON ALICE L had sold 2.10M shares worth $150.02 million on Thursday, September 8. $78,606 worth of shares were sold by Whaley Steven P on Friday, August 26. $5.19 million worth of shares were sold by McMillon C Douglas on Monday, November 21.

More notable recent Wal-Mart Stores, Inc. (NYSE:WMT) news were published by: Fool.com which released: “Better Buy: Wal-Mart Stores, Inc. vs. Lowe’s Companies, Inc.” on January 06, 2017, also Investorplace.com with their article: “Trade of the Day: Wal-Mart Stores, Inc. (NYSE:WMT)” published on January 09, 2017, Fool.com published: “When Will Wal-Mart Stores, Inc. Split Its Stock Again?” on December 16, 2016. More interesting news about Wal-Mart Stores, Inc. (NYSE:WMT) were released by: Fool.com and their article: “Will You Even Recognize Wal-Mart Stores Inc. in the Future?” published on December 09, 2016 as well as Fool.com‘s news article titled: “Better Buy: Wal-Mart Stores Inc. vs. Target” with publication date: November 18, 2016.

According to Zacks Investment Research, “Wal-Mart Stores, Inc. is the world’s largest retailer. They are engaged in the operation of mass merchandising stores, which serve their customers primarily through the operation of three segments, which are the Wal-Mart Stores segment, the SAM’S Club segment and the International segment.”

Wal-Mart Stores, Inc. (NYSE:WMT) Ratings Coverage

Out of 28 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 11 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 39% are positive. $90 is the highest target while $55 is the lowest. The $72.88 average target is 6.82% above today’s ($68.23) stock price. Wal-Mart Stores Inc has been the topic of 65 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Sterne Agee CRT on Tuesday, August 18. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 7. The rating was downgraded by Bank of America to “Neutral” on Thursday, October 15. The stock of Wal-Mart Stores, Inc. (NYSE:WMT) has “Underperform” rating given on Saturday, August 22 by Wolfe Research. The stock of Wal-Mart Stores, Inc. (NYSE:WMT) earned “Buy” rating by Northcoast on Friday, November 13. The rating was maintained by Deutsche Bank on Sunday, September 6 with “Hold”. The firm has “Outperform” rating by Credit Suisse given on Friday, September 16. The firm has “Hold” rating given on Friday, September 18 by TheStreet. M Partners maintained the shares of WMT in a report on Friday, February 19 with “Neutral” rating. The rating was upgraded by Jefferies to “Buy” on Monday, June 6.

WMT Company Profile

Wal-Mart Stores, Inc., incorporated on October 31, 1969, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Firm offers an assortment of merchandise and services at everyday low prices (EDLP). The Firm operates through three divisions: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in approximately 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. The Walmart International segment consists of activities in over 27 countries outside of the United States. The Sam’s Club consists of membership-only warehouse clubs and operates in approximately 48 states in the United States and in Puerto Rico, as well as digital retail.

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