Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Wal-Mart Stores Inc (NYSE:WMT) by 6,777.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,171 shares of the retailer’s stock after buying an additional 112,511 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Wal-Mart Stores were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WMT. Canal Capital Management LLC raised its position in Wal-Mart Stores by 10.1% in the third quarter. Canal Capital Management LLC now owns 16,792 shares of the retailer’s stock worth $1,211,000 after buying an additional 1,539 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE raised its position in Wal-Mart Stores by 0.5% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 106,061 shares of the retailer’s stock worth $7,649,000 after buying an additional 570 shares during the last quarter. Oliver Luxxe Assets LLC acquired a new position in Wal-Mart Stores during the third quarter worth $1,878,000. Bremer Trust National Association raised its position in Wal-Mart Stores by 1.9% in the third quarter. Bremer Trust National Association now owns 13,577 shares of the retailer’s stock worth $979,000 after buying an additional 253 shares during the last quarter. Finally, First American Bank raised its position in Wal-Mart Stores by 3.3% in the third quarter. First American Bank now owns 36,813 shares of the retailer’s stock worth $2,654,000 after buying an additional 1,176 shares during the last quarter. Hedge funds and other institutional investors own 29.69% of the company’s stock.

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

Wal-Mart Stores Inc (NYSE:WMT) opened at 69.98 on Tuesday. Wal-Mart Stores Inc has a 12-month low of $62.72 and a 12-month high of $75.19. The firm has a market cap of $214.49 billion, a PE ratio of 15.98 and a beta of 0.09. The firm’s 50-day moving average is $69.19 and its 200 day moving average is $69.87.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Tuesday, February 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.01. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The company had revenue of $129.75 billion for the quarter, compared to analysts’ expectations of $130.22 billion. During the same period last year, the company earned $1.49 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts predict that Wal-Mart Stores Inc will post $4.32 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. Wal-Mart Stores’s dividend payout ratio is currently 43.48%.

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A number of equities analysts recently weighed in on the stock. Vetr lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $73.85 price target on the stock. in a research report on Tuesday, December 13th. JPMorgan Chase & Co. set a $68.00 price target on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research report on Thursday, February 23rd. TheStreet upgraded shares of Wal-Mart Stores from a “c+” rating to a “b-” rating in a research report on Thursday, February 23rd. Instinet restated a “neutral” rating and set a $81.00 price target on shares of Wal-Mart Stores in a research report on Tuesday, December 20th. Finally, Goldman Sachs Group Inc set a $74.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Wednesday, February 22nd. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $74.85.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 4,542,361 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $70.54, for a total transaction of $320,418,144.94. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $476,044,833.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rosalind G. Brewer sold 32,350 shares of the firm’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $68.32, for a total transaction of $2,210,152.00. Following the sale, the insider now directly owns 245,328 shares in the company, valued at $16,760,808.96. The disclosure for this sale can be found here. Insiders have sold a total of 15,617,391 shares of company stock worth $1,112,245,763 over the last ninety days. 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 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.

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