Bruderman Asset Management LLC decreased its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,280 shares of the retailer’s stock after selling 462 shares during the period. Bruderman Asset Management LLC’s holdings in Wal-Mart Stores were worth $1,116,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. 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 last quarter. Gemmer Asset Management LLC raised its position in 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 in the last quarter. Bangor Savings Bank raised its position in 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 in the last quarter. Shinko Asset Management Co. Ltd. raised its position in 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 in the last quarter. Finally, Signaturefd LLC raised its position in 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 in the last quarter. 29.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.50% during trading on Wednesday, reaching $71.61. The company’s stock had a trading volume of 3,510,431 shares. Wal-Mart Stores Inc. has a 12-month low of $56.30 and a 12-month high of $75.19. The company has a market cap of $221.51 billion, a PE ratio of 15.42 and a beta of 0.22. The company has a 50 day moving average of $72.52 and a 200 day moving average of $70.63.

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

A number of equities analysts recently commented on WMT shares. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Morgan Stanley set a $73.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.98 price objective on the stock in a research note on Monday. Jefferies Group reaffirmed a “buy” rating and issued a $86.00 price objective (up from $85.00) on shares of Wal-Mart Stores in a research note on Monday, August 15th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $77.00 price objective (up from $68.00) on shares of Wal-Mart Stores in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $74.17.

In related news, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total value of $78,606.00. Following the completion of the sale, the insider now owns 29,464 shares of the company’s stock, valued at $2,105,497.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 1,450,000 shares of Wal-Mart Stores stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $71.39, for a total value of $103,515,500.00. The disclosure for this sale can be found here. 51.55% of the stock is owned by corporate insiders.

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 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.

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