Nippon Life Global Investors Americas Inc. cut its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 40.4% during the first quarter, Holdings Channel reports. The institutional investor owned 66,595 shares of the retailer’s stock after selling 45,160 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Wal-Mart Stores were worth $4,801,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Canada Pension Plan Investment Board boosted 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 in the last quarter. Karp Capital Management Corp acquired a new stake in Wal-Mart Stores during the first quarter valued at approximately $111,777,000. Swiss National Bank boosted 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 in the last quarter. QV Investors Inc. boosted 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 in the last quarter. Finally, British Airways Pensions Investment Management Ltd acquired a new stake in Wal-Mart Stores during the first quarter valued at approximately $32,510,000. 30.09% of the stock is owned by institutional investors and hedge funds.

Wal-Mart Stores, Inc. (WMT) traded down 0.006% during midday trading on Friday, reaching $80.655. The company’s stock had a trading volume of 2,893,774 shares. The firm has a market capitalization of $243.13 billion, a price-to-earnings ratio of 18.314 and a beta of 0.29. The stock’s 50-day moving average price is $77.30 and its 200-day moving average price is $74.05. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. Wal-Mart Stores also was the recipient of unusually large options trading activity on Tuesday. Traders bought 59,526 call options on the stock. This is an increase of 408% compared to the typical daily volume of 11,715 call options.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, May 18th. The retailer reported $1.00 EPS 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 the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Analysts predict that Wal-Mart Stores, Inc. will post $4.36 EPS for the current year.

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WMT has been the subject of several recent analyst reports. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, July 13th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price target for the company in a report on Monday, May 15th. Royal Bank Of Canada reissued a “sell” rating and issued a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. BMO Capital Markets raised 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 reissued an “overweight” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a report on Wednesday, April 19th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $79.40.

In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 1,618,300 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at $268,332,370.32. The disclosure for this sale can be found here. Insiders have sold 23,006,720 shares of company stock worth $1,816,131,604 over the last three months. Company 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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