AS THE RATS SCRAMBLE THRU THE HAWS PIPE…

Given the news last week regarding Walmart annual sales (lack of) growth, a reasonable person might expect that investors would look elsewhere growth opportunities. Four news items today, however, shine light on how Wall Street makes money for itself: by buying and selling the same stocks. First up is Gould Asset Management which: reduced its stake in Wal-Mart Stores by 14.67% during the Q4 period. The investment management company now holds a total of 6,338 shares of Wal-Mart Stores which is valued at $424,329 after selling 1,090 shares in Wal-Mart Stores according to the most recent disclosure to the SEC. Going the other was is Samsung Asset Management that chose to increase its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 10.2% during the fourth quarter, Holdings Channel reports. The firm owned 96,760 shares of the retailer’s stock after buying an additional 8,970 shares during the period. Wal-Mart Stores accounts for approximately 2.4% of Samsung Asset Management New York Inc.’s investment portfolio, making the stock its 13th largest position. Samsung Asset Management New York Inc.’s holdings in Wal-Mart Stores were worth $5,931,000 at the end of the most recent quarter. The pendulum swung back the other way with Northstar Investment Advisors which cut its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,099 shares of the retailer’s stock after selling 611 shares during the period. Northstar Investment Advisors LLC’s holdings in Wal-Mart Stores were worth $4,604,000 at the end of the most recent quarter. Yet another swing came from Usca Ria which increased its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 92,988 shares of the retailer’s stock after buying an additional 5,905 shares during the period. Wal-Mart Stores accounts for 1.2% of Usca Ria LLC’s portfolio, making the stock its 12th largest position. Usca Ria LLC’s holdings in Wal-Mart Stores were worth $5,700,000 as of its most recent filing with the SEC. Now, there are at least a couple of possibilities here: two of the companies are right and made the best move for their customers and the other two are wrong; or, remember, this is Wall Street we're talking about, all four companies are right because they made the best move for themselves and leave their customers scratching their heads. I lean much more toward the latter than the former. Jeff Hess: Have Coffee Will Write.

Leave a Reply

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Anti-spam image