Fri, Feb. 27, 11:31 AM
- Factset has compiled a list of the most popular holdings of hedge funds at the end of Q4 and which stocks fell in or out of favor within the group.
- Overall, hedge funds increased their positions in the top 50 holdings during the quarter by 1%.
- Top 50 hedge fund consumer staples/discretionary stocks showing an increase: Family Dollar (NYSE:FDO) +1.3%, PepsiCo (NYSE:PEP) +20.3%, Priceline Group (NASDAQ:PCLN) +24.2%, Delta Air Lines (NYSE:DAL) +15.3%.
- Top 50 hedge fund consumer staples/discretionary stocks showing a decrease: Mastercard (NYSE:MA) -4.2%, Walgreen Boots Alliance (NASDAQ:WBA) -1.3%, Dollar General (NYSE:DG) -11.6%, Mondelez International (NASDAQ:MDLZ) -0.9%.
- Another way to look at the list is to examine which stocks are missing. Coca-Cola (NYSE:KO), Wal-Mart (NYSE:WMT), and Procter & Gamble (NYSE:PG) are in that club.
- Factset's hedge fund ownership report (.pdf)
Tue, Feb. 24, 7:01 AM| Comment!
Mon, Feb. 23, 7:22 AM| Comment!
Fri, Feb. 20, 7:22 AM
- Investments being made to improve the Wal-Mart (NYSE:WMT) shopping experience could take years and are unlikely to pay dividends in the near-term, says Barclays, cutting to Equal Weight from Overweight.
- The company's Q4 looked good thanks to lower gasoline prices and easy weather comps, a benefit not likely to be seen next year.
- Shares -0.3% premarket after yesterday's 3.2% slide.
Fri, Feb. 20, 6:17 AM
- After years of widespread criticism over its low pay structure and increasing reliance on part-time workers, Wal-Mart (NYSE:WMT) is raising the minimum wage for all of its U.S. workers to $9 an hour by April and at least $10 by next February.
- After the pay increases, the average full-time hourly wage at the retailer will be $13, while the average part-time hourly wage will be $10.
- WMT -0.3% premarket
Thu, Feb. 19, 9:07 AM
- A quick read by retail analysts on Wal-Mart's (NYSE:WMT) Q4 earnings report and guidance for FY16 is focused on the company's commitment to e-commerce initiatives which appears to be as strong (or costly) as ever.
- Additional investment on global e-commerce initiatives is expected to lop off $0.06-$0.09 per share from earnings this fiscal year.
- The e-commerce spend is also a significant portion of Wal-Mart's guide for $11.6B-$12.9B in capex spending this year.
- As for bang for the buck, e-commerce added 30 bps to the Wal-Mart U.S. comp and 40 bps to the Sam's Club U.S. comp in Q4.
- Previously: Wal-Mart beats by $0.07, misses on revenue
- Previously: U.S. comps improve at Wal-Mart in Q4; guidance light
- WMT -1.5% premarket, while Amazon is +0.2% seemingly unperturbed by Wal-Mart's prodigious e-commerce spend.
Thu, Feb. 19, 9:01 AM
- Wal-Mart (NYSE:WMT) declares $1.96/share annual dividend, (payable in 4 installments) 2.1% increase from prior dividend of $1.92.
- Forward yield 2.27%
- $0.49 payable April 6; for shareholders of record March 13; ex-div March 11.
- $0.49 payable June 1; for shareholders of record May 8; ex-div May 6.
- $0.49 payable Sep 8; for shareholders of record Aug 7; ex-div Aug 5.
- $0.49 payable Jan 4; for shareholders of record Dec 4; ex-div Dec 2.
Thu, Feb. 19, 8:48 AM
- Wal-Mart (NYSE:WMT) reports U.S. comparable-store sales rose 1.5% in Q4, up 100 bps Q/Q and 190 Y/Y.
- The U.S. comp at Sam's Club was up 2.0%, while sales at Neighborhood Market grew briskly again with a 7.7% comp.
- International sales -3.9% Y/Y to $36.205B as F/X dragged.
- Revenue at Sam's Club +1.3% to $14.874B on a 0.5% increase in average ticket.
- E-commerce sales +22% Y/Y during the quarter.
- Segment operating income growth: Wal-Mart U.S. -0.6%, Wal-Mart International +66.4% , Sam's Club +29.1%.
- Guidance: The company expects FY16 EPS of $4.70-$5.05 vs. $4.99 consensus after factoring in F/X headwinds and a new wage structure change that will see associates make at least $10 per hour. Q1 EPS pegged at $0.95-$1.10 vs. $1.14 expected.
- Previously: Wal-Mart beats by $0.07, misses on revenue (Feb. 19 2015)
- WMT -1.5% premarket.
Thu, Feb. 19, 8:34 AM
Wed, Feb. 18, 5:30 PM| 7 Comments
Wed, Feb. 18, 12:34 PM
- Wal-Mart (WMT -0.3%) investors could benefit from a breakup, according to new analysis from Credit Suisse.
- A spin-off of Sam's Club, the Brazilian business, and Asian operations could free each to pursue different strategies - while investors might see more cash available for dividends and buybacks.
- Wal-Mart U.S. by itself would still be the largest retailer in the world.
- A spin-off strategy would require the nod from the Walton family that controls a fair chunk of the voting shares.
- Wal-Mart reports Q4 earnings before the bell tomorrow.
- Bloomberg video
Thu, Feb. 12, 11:22 AM
- The National Retail Federation forecasts retail sales will rise 4.1% in 2015.
- Retail sales rose 3.5% in 2014.
- Non-store sales are expected to show a 7% to 10% gain.
- The latest guidance from the Beast of Retail (NYSE:WMT) is for 2015 revenue growth (global) of 2% to 3%.
- Earlier today, the Commerce Department's report on January Retail Sales disappointed, although there were some nice pockets of strength.
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Wed, Feb. 11, 7:42 AM
- Wal-Mart (NYSE:WMT) plans to invest 340M Canadian dollars ($269M) to build 29 new supercenters in Canada and expand its distribution network.
- The company expects the new stores to be finished by January 31, 2016.
- Expansion in Canada was painful for both Target and Sears Holdings, although that was due in part to Wal-Mart superior distribution efficiency in the region.
- WMT -0.7% premarket.
Tue, Feb. 10, 1:55 PM
- Three Wal-Mart (WMT +1%) stores in Arizona have started to offer customers the ability to pick up grocery orders placed online.
- The company has already introduced the concept in its hometown of Bentonville, Arkansas and in Denver.
- Wal-Mart charges no fees for the service, although a $30 minimum order must be placed.
- Customers can have orders delivered to their cars after a 6-hour turnaround.
Fri, Feb. 6, 8:27 PM
- U.S. West Coast ports will close this weekend -- 29 of them -- as a nine-month labor slowdown drags on.
- Loading and unloading is suspended, though the Pacific Maritime Association says some activities will continue.
- "In light of ongoing union slowdowns up and down the coast which have brought the ports almost to a standstill, PMA member companies finally have concluded that they will no longer continue to pay workers premium pay for diminished productivity," the PMA says.
- For the union's part: "Closing down the ports over the weekend is a crazy way to do business because it’s hurting customers and adding to the already serious congestion crisis that the industry has created."
- It's the first time contract talks have led to a West Coast shutdown since 2002.
- A 10-day lockout back then cost the U.S. economy $1B/day; the same thing today likely costs over $2B/day.
- Companies noting the impact of a slowdown/shutdown in their reports, or which would likely be affected: (WY -1.8%); (TSN -0.6%); (UNP -0.8%); (LULU -1.3%); (WMT +0.1%); (ANN +3.2%); (M); (KSS +2.3%); (RL -2.1%); (CRI +2.2%)
Fri, Feb. 6, 11:35 AM
WMT vs. ETF Alternatives
Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.
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