South Texas Money Management Ltd. reduced its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 20.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,889 shares of the retailer’s stock after selling 1,736 shares during the period. South Texas Money Management Ltd.’s holdings in Wal-Mart Stores were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Asset Planning Services Ltd. increased 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 increased 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 increased 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. Cohen Lawrence B increased its stake in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock worth $436,000 after buying an additional 25 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in Wal-Mart Stores by 0.3% in the first quarter. Essex Financial Services Inc. now owns 10,145 shares of the retailer’s stock worth $731,000 after buying an additional 29 shares in the last quarter. 30.09% of the stock is owned by institutional investors and hedge funds.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 80.48 on Monday. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.40. The company has a market cap of $242.61 billion, a price-to-earnings ratio of 18.27 and a beta of 0.29. The stock has a 50 day moving average price of $76.55 and a 200-day moving average price of $73.51.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly 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 firm had revenue of $116.53 billion during the quarter, compared to the consensus estimate of $117.01 billion. During the same quarter last year, the firm 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 earnings per share for the current year.

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A number of analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $74.00 target price on shares of Wal-Mart Stores in a research report on Friday, May 5th. Pacific Crest downgraded Wal-Mart Stores to a “hold” rating in a research report on Sunday, April 30th. Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. UBS AG reissued a “neutral” rating and issued a $80.00 target price (up from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Finally, Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $78.86.

In related news, insider David Chojnowski sold 5,142 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $79.36, for a total value of $408,069.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Cheesewright sold 25,729 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,006,720 shares of company stock valued at $1,816,131,604. 51.39% of the stock is owned by insiders.

About Wal-Mart Stores

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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