Kidder Stephen W cut its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 6.4% during the first quarter, Holdings Channel reports. The fund owned 14,680 shares of the retailer’s stock after selling 1,000 shares during the period. Kidder Stephen W’s holdings in Wal-Mart Stores were worth $1,058,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WMT. Signaturefd LLC boosted its stake in shares of Wal-Mart Stores by 25.2% in the first quarter. Signaturefd LLC now owns 11,256 shares of the retailer’s stock valued at $811,000 after buying an additional 2,262 shares during the last quarter. Sii Investments Inc. WI boosted its stake in shares of Wal-Mart Stores by 13.8% in the first quarter. Sii Investments Inc. WI now owns 33,891 shares of the retailer’s stock valued at $2,443,000 after buying an additional 4,119 shares during the last quarter. Level Four Advisory Services LLC boosted its stake in shares of Wal-Mart Stores by 64.7% in the first quarter. Level Four Advisory Services LLC now owns 33,323 shares of the retailer’s stock valued at $2,391,000 after buying an additional 13,091 shares during the last quarter. State Street Corp boosted its stake in shares of Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after buying an additional 854,010 shares during the last quarter. Finally, Two Sigma Securities LLC boosted its stake in shares of Wal-Mart Stores by 90.6% in the first quarter. Two Sigma Securities LLC now owns 9,613 shares of the retailer’s stock valued at $693,000 after buying an additional 4,569 shares during the last quarter. Institutional investors own 30.09% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (WMT) traded down 0.32% on Friday, hitting $80.40. The company’s stock had a trading volume of 7,905,495 shares. The stock’s 50 day moving average price is $77.44 and its 200 day moving average price is $74.15. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The stock has a market capitalization of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29.

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

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Several analysts have issued reports on the company. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a report on Friday. Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Friday. Stephens upgraded Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $91.00 in a report on Friday. Cowen and Company set a $86.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Royal Bank Of Canada set a $76.00 price target on Wal-Mart Stores and gave the stock a “sell” rating in a report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.40.

In other news, major shareholder Alice L. Walton sold 2,476,374 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $78.32, for a total value of $193,949,611.68. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $528,548,785.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total value of $202,627,882.60. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,006,720 shares of company stock worth $1,816,131,604. 51.39% of the stock is currently owned by company 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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