Asset Dedication LLC decreased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,746 shares of the retailer’s stock after selling 386 shares during the period. Asset Dedication LLC’s holdings in Wal-Mart Stores were worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Highfields Capital Management LP bought a new position in Wal-Mart Stores during the fourth quarter worth $69,120,000. Janus Capital Management LLC increased its position in Wal-Mart Stores by 4.9% in the fourth quarter. Janus Capital Management LLC now owns 752,776 shares of the retailer’s stock worth $52,032,000 after buying an additional 35,043 shares in the last quarter. Moloney Securities Asset Management LLC bought a new position in Wal-Mart Stores during the fourth quarter worth $506,000. Intellectus Partners LLC bought a new position in Wal-Mart Stores during the fourth quarter worth $1,339,000. Finally, First Republic Investment Management Inc. increased its position in Wal-Mart Stores by 6.8% in the fourth quarter. First Republic Investment Management Inc. now owns 365,281 shares of the retailer’s stock worth $25,248,000 after buying an additional 23,174 shares in the last quarter. Hedge funds and other institutional investors own 30.15% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) opened at 76.15 on Friday. The firm has a market capitalization of $229.55 billion, a price-to-earnings ratio of 17.29 and a beta of 0.28. The stock has a 50 day moving average of $76.69 and a 200 day moving average of $72.87. 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 released its earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The firm had revenue of $116.53 billion during the quarter, compared to analysts’ expectations of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current year.

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A number of research firms have weighed in on WMT. Pacific Crest downgraded shares of Wal-Mart Stores to a “hold” rating in a research note on Sunday, April 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $74.00 price target on shares of Wal-Mart Stores in a research note on Friday, May 5th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a research note on Saturday, May 13th. UBS AG reaffirmed a “neutral” rating and set a $80.00 price target (up previously from $73.00) on shares of Wal-Mart Stores in a research note on Sunday, May 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $86.00 price target on shares of Wal-Mart Stores in a research note on Friday, April 7th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $78.11.

In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,618,300 shares of the business’s stock in a transaction 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 in the company, valued at approximately $268,332,370.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,006,720 shares of company stock valued at $1,816,131,604. Corporate insiders own 51.39% 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 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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