Waldron LP continued to hold its stake in shares of Wal-Mart Stores Inc. (NYSE:WMT) during the second quarter, Holdings Channel reports. The fund owned 3,457 shares of the retailer’s stock at the end of the second quarter. Waldron LP’s holdings in Wal-Mart Stores were worth $224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Piershale Financial Group Inc. raised its stake in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares during the period. Gemmer Asset Management LLC raised its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Gemmer Asset Management LLC now owns 2,902 shares of the retailer’s stock worth $212,000 after buying an additional 11 shares during the period. Bangor Savings Bank raised its stake in shares of Wal-Mart Stores by 0.7% in the second quarter. Bangor Savings Bank now owns 2,996 shares of the retailer’s stock worth $218,000 after buying an additional 20 shares during the period. Shinko Asset Management Co. Ltd. raised its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Shinko Asset Management Co. Ltd. now owns 7,692 shares of the retailer’s stock worth $562,000 after buying an additional 28 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Wal-Mart Stores by 0.6% in the second quarter. Signaturefd LLC now owns 4,778 shares of the retailer’s stock worth $349,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 29.32% of the company’s stock.

Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.18% on Tuesday, reaching $71.96. 3,337,409 shares of the company’s stock were exchanged. The firm has a market capitalization of $222.59 billion, a price-to-earnings ratio of 15.49 and a beta of 0.22. The firm has a 50-day moving average of $72.57 and a 200-day moving average of $70.60. Wal-Mart Stores Inc. has a 12 month low of $56.30 and a 12 month high of $75.19.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 18th. The retailer reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $120.90 billion for the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a return on equity of 17.93% and a net margin of 3.04%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. On average, equities analysts expect that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current year.

A number of brokerages recently issued reports on WMT. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $73.65 target price on the stock in a research report on Monday, June 13th. Morgan Stanley reaffirmed a “hold” rating and set a $67.00 price target on shares of Wal-Mart Stores in a research note on Tuesday, July 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $70.00 price target on shares of Wal-Mart Stores in a research note on Thursday, August 18th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Tuesday, May 24th. Finally, MKM Partners reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research note on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $74.17.

In related news, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the sale, the insider now directly owns 29,464 shares in the company, valued at $2,105,497.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $482,118,555.20. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.

Wal-Mart Stores Company Profile

Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

5 Day Chart for NYSE:WMT

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