V Wealth Management LLC lowered its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 21.3% during the second quarter, Holdings Channel reports. The firm owned 4,719 shares of the retailer’s stock after selling 1,278 shares during the period. V Wealth Management LLC’s holdings in Wal-Mart Stores were worth $357,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC raised its stake in Wal-Mart Stores by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after buying an additional 10 shares in the last quarter. Asset Planning Services Ltd. raised its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. Wellington Shields & Co. LLC raised its stake in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after buying an additional 15 shares in the last quarter. Alexandria Capital LLC raised its stake in Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares in the last quarter. Finally, Sterneck Capital Management LLC raised its stake in Wal-Mart Stores by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after buying an additional 22 shares in the last quarter. 30.15% of the stock is currently owned by institutional investors.

Wal-Mart Stores, Inc. (NYSE:WMT) opened at 76.02 on Friday. The company has a 50-day moving average of $76.69 and a 200 day moving average of $72.87. The company has a market capitalization of $229.16 billion, a P/E ratio of 17.26 and a beta of 0.28. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $80.47.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on WMT shares. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $75.31 target price on the stock in a report on Monday, March 27th. Jefferies Group LLC restated a “buy” rating and issued a $86.00 target price on shares of Wal-Mart Stores in a report on Friday, April 7th. Telsey Advisory Group upgraded shares of Wal-Mart Stores from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $73.00 to $82.00 in a report on Friday, April 7th. BMO Capital Markets restated an “underperform” rating and issued a $63.00 target price on shares of Wal-Mart Stores in a report on Friday, April 7th. Finally, KeyCorp restated an “overweight” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus price target of $78.11.

In other Wal-Mart Stores news, Director S Robson Walton sold 1,618,300 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at $268,332,370.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Chojnowski sold 5,142 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $79.36, for a total transaction of $408,069.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% 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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Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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