Oakbrook Investments LLC lowered its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 20,943 shares of the retailer’s stock after selling 250 shares during the period. Oakbrook Investments LLC’s holdings in Wal-Mart Stores were worth $1,585,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its position in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. raised its position 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. High Point Bank & Trust Co. raised its position 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. SRS Capital Advisors Inc. raised its position in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock valued at $151,000 after buying an additional 901 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its position 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. Institutional investors and hedge funds own 30.09% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up 0.8879% during trading on Wednesday, hitting $81.7999. The stock had a trading volume of 3,155,944 shares. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.85. The firm has a 50 day moving average of $76.65 and a 200 day moving average of $73.67. The company has a market capitalization of $246.59 billion, a price-to-earnings ratio of 18.5740 and a beta of 0.29. Wal-Mart Stores also was the recipient of unusually large options trading on Monday. Traders acquired 5,107 put options on the stock. This is an increase of approximately 351% compared to the average volume of 1,132 put options.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The firm had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a return on equity of 16.96% and a net margin of 2.79%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. Analysts expect that Wal-Mart Stores, Inc. will post $4.36 EPS for the current fiscal year.

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Several equities analysts have recently commented on WMT shares. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price target for the company in a research report on Monday, May 15th. Jefferies Group LLC upped their price target on shares of Wal-Mart Stores from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Gordon Haskett started 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 for the company. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Tuesday, April 25th. Finally, Sanford C. Bernstein restated 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 issued a buy rating to the company’s stock. Wal-Mart Stores currently has an average rating of “Hold” and an average target price of $78.86.

In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 1,322 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $78.75, for a total value of $104,107.50. Following the transaction, the insider now directly owns 23,854 shares in the company, valued at approximately $1,878,502.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,006,720 shares of company stock worth $1,816,131,604 in the last ninety days. Insiders own 51.39% of the company’s stock.

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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