Peapack Gladstone Financial Corp cut its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,711 shares of the retailer’s stock after selling 550 shares during the period. Peapack Gladstone Financial Corp’s holdings in Wal-Mart Stores were worth $2,358,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dodge & Cox acquired a new stake in Wal-Mart Stores during the fourth quarter valued at about $1,503,922,000. Canada Pension Plan Investment Board raised its stake in Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after buying an additional 2,035,800 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Wal-Mart Stores during the first quarter valued at about $111,777,000. Swiss National Bank raised its stake in Wal-Mart Stores by 24.3% in the first quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock valued at $437,701,000 after buying an additional 1,188,400 shares during the last quarter. Finally, QV Investors Inc. raised its stake in Wal-Mart Stores by 114.3% in the first quarter. QV Investors Inc. now owns 920,393 shares of the retailer’s stock valued at $66,341,000 after buying an additional 491,004 shares during the last quarter. 30.09% of the stock is owned by institutional investors.

Shares of Wal-Mart Stores, Inc. (WMT) opened at 80.48 on Monday. The firm has a market cap of $242.61 billion, a PE ratio of 18.27 and a beta of 0.29. The company has a 50 day moving average of $76.55 and a 200-day moving average of $73.51. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.40.

Wal-Mart Stores (NYSE:WMT) last issued 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. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The company had revenue of $116.53 billion for the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.

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WMT has been the subject of several recent research reports. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective for the company in a research report on Monday, May 15th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “sell” rating and set a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. BMO Capital Markets raised shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating and raised their price target for the company from $63.00 to $80.00 in a report on Friday, May 19th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $90.00 price target on shares of Wal-Mart Stores in a report on Wednesday, April 19th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $78.86.

In other news, insider Jacqueline P. Canney sold 1,322 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total value of $104,107.50. Following the sale, the insider now owns 23,854 shares in the company, valued at approximately $1,878,502.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Chojnowski sold 5,142 shares of the business’s stock in a transaction 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. Insiders sold a total of 23,006,720 shares of company stock worth $1,816,131,604 in the last 90 days. 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.

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

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