Kayne Anderson Rudnick Investment Management LLC reduced its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 34.7% during the first quarter, Holdings Channel reports. The institutional investor owned 13,471 shares of the retailer’s stock after selling 7,152 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Wal-Mart Stores were worth $971,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Asset Planning Services Ltd. boosted 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 valued at $109,000 after buying an additional 11 shares in the last quarter. Paragon Capital Management Ltd bought a new stake in Wal-Mart Stores during the first quarter valued at approximately $201,000. High Point Bank & Trust Co. boosted its stake in Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock valued at $136,000 after buying an additional 820 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock valued at $180,000 after buying an additional 169 shares in the last quarter. Finally, Alexandria Capital LLC boosted 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 valued at $181,000 after buying an additional 22 shares in the last quarter. 30.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 80.48 on Friday. The company has a market cap of $242.61 billion, a P/E ratio of 18.27 and a beta of 0.29. The stock’s 50 day moving average is $76.55 and its 200-day moving average is $73.51. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.40.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The company 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%. Wal-Mart Stores’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current year.

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Several brokerages have commented on WMT. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Tuesday, April 25th. Jefferies Group LLC reissued a “buy” rating and set a $86.00 price target on shares of Wal-Mart Stores in a research report on Friday, April 7th. Gordon Haskett began coverage on shares of Wal-Mart Stores in a research report on Tuesday, May 9th. They set a “buy” rating and a $90.00 price target on the stock. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price target on the stock in a research report on Monday, May 15th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $78.86.

In related news, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 1,321,340 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $78.61, for a total transaction of $103,870,537.40. The disclosure for this sale can be found here. In 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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