Feltz Wealth PLAN Inc. lowered its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 48.3% during the third quarter, Holdings Channel reports. The firm owned 8,179 shares of the retailer’s stock after selling 7,644 shares during the period. Feltz Wealth PLAN Inc.’s holdings in Wal-Mart Stores were worth $587,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Wal-Mart Stores during the third quarter worth about $104,000. BKS Advisors LLC acquired a new stake in Wal-Mart Stores during the third quarter worth about $110,000. Piershale Financial Group Inc. increased its stake in Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock worth $116,000 after buying an additional 5 shares during the period. Nelson Roberts Investment Advisors LLC increased its stake in Wal-Mart Stores by 27.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 1,643 shares of the retailer’s stock worth $118,000 after buying an additional 351 shares during the period. Finally, Crow Point Partners LLC acquired a new stake in Wal-Mart Stores during the third quarter worth about $127,000. 29.69% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Wal-Mart Stores, Inc. (NYSE:WMT) opened at 68.87 on Friday. Wal-Mart Stores, Inc. has a 52 week low of $62.72 and a 52 week high of $75.19. The company’s 50-day moving average price is $67.75 and its 200 day moving average price is $70.24. The company has a market capitalization of $211.65 billion, a PE ratio of 14.94 and a beta of 0.09.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The firm earned $118.20 billion during the quarter, compared to analyst estimates of $118.69 billion. During the same period in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.32 EPS for the current year.

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WMT has been the subject of a number of research analyst reports. Nomura set a $81.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, November 21st. Robert W. Baird set a $80.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Saturday, November 19th. Credit Suisse Group set a $80.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Saturday, November 19th. Vetr downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $77.00 target price for the company. in a research report on Tuesday, November 8th. Finally, Guggenheim reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Wednesday, December 28th. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.41.

In related news, insider Rosalind G. Brewer sold 32,350 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $68.32, for a total value of $2,210,152.00. Following the completion of the sale, the insider now directly owns 245,328 shares in the company, valued at approximately $16,760,808.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 75,063 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $69.08, for a total value of $5,185,352.04. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by 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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

5 Day Chart for NYSE:WMT

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