Eaton Vance Management increased its position in Wal-Mart Stores Inc. (NYSE:WMT) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,615,542 shares of the retailer’s stock after buying an additional 25,997 shares during the period. Eaton Vance Management owned approximately 0.05% of Wal-Mart Stores worth $117,967,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vigilant Capital Management LLC boosted its stake in shares of Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock worth $100,000 after buying an additional 1,270 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $100,000. Americafirst Capital Management LLC acquired a new stake in shares of Wal-Mart Stores during the second quarter worth approximately $106,000. Piershale Financial Group Inc. boosted 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. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Wal-Mart Stores by 118.1% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,649 shares of the retailer’s stock worth $120,000 after buying an additional 893 shares during the period. Institutional investors own 29.55% of the company’s stock.

Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.48% during trading on Friday, reaching $72.62. 4,404,000 shares of the company were exchanged. The firm’s 50 day moving average is $72.47 and its 200 day moving average is $70.66. Wal-Mart Stores Inc. has a 52-week low of $56.30 and a 52-week high of $75.19. The stock has a market capitalization of $224.63 billion, a PE ratio of 15.63 and a beta of 0.22.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The business had revenue of $120.90 billion for 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 business’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. Analysts expect that Wal-Mart Stores Inc. will post $4.34 EPS for the current year.

WMT has been the subject of a number of recent research reports. Credit Suisse Group AG initiated coverage on shares of Wal-Mart Stores in a research report on Friday, September 16th. They issued an “outperform” rating and a $80.00 target price for the company. Zacks Investment Research cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 24th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Monday, June 6th. Royal Bank Of Canada increased their target price on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Friday, August 19th. Finally, Jefferies Group reiterated a “buy” rating and issued a $85.00 target price (up from $82.00) on shares of Wal-Mart Stores in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $74.78.

In related news, major shareholder Alice L. Walton sold 3,142,846 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $488,664,677.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven P. Whaley sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 51.55% of the company’s stock.

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.

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