Pioneer Trust Bank N A OR decreased its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,717 shares of the retailer’s stock after selling 80 shares during the period. Pioneer Trust Bank N A OR’s holdings in Wal-Mart Stores were worth $357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted 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 purchasing an additional 854,010 shares during the period. American Century Companies Inc. lifted its stake in shares of Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock valued at $723,738,000 after purchasing an additional 256,833 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Wal-Mart Stores by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 9,089,442 shares of the retailer’s stock valued at $655,167,000 after purchasing an additional 399,273 shares during the period. Legal & General Group Plc lifted its stake in shares of Wal-Mart Stores by 5.3% in the first quarter. Legal & General Group Plc now owns 8,594,967 shares of the retailer’s stock valued at $619,457,000 after purchasing an additional 429,599 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Wal-Mart Stores by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock valued at $595,995,000 after purchasing an additional 99,921 shares during the period. Hedge funds and other institutional investors own 30.21% of the company’s stock.

WMT has been the subject of several recent analyst reports. BMO Capital Markets upgraded shares of Wal-Mart Stores from an “underperform” rating to a “market perform” rating and set a $63.00 price objective for the company in a research note on Thursday, May 18th. Telsey Advisory Group restated an “outperform” rating and set a $84.00 target price (up from $82.00) on shares of Wal-Mart Stores in a report on Friday, May 19th. Credit Suisse Group restated a “buy” rating and set a $80.00 target price on shares of Wal-Mart Stores in a report on Friday, May 19th. Stifel Nicolaus set a $79.00 target price on shares of Wal-Mart Stores and gave the company a “hold” rating in a report on Friday, May 19th. Finally, Sanford C. Bernstein set a $75.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Saturday, May 20th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.25.

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In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the transaction, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total value of $1,972,127.85. The disclosure for this sale can be found here. Insiders have sold 7,948,971 shares of company stock valued at $628,583,326 over the last quarter. Corporate insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.44% during midday trading on Thursday, reaching $79.51. 2,625,746 shares of the company traded hands. The company has a 50-day moving average price of $79.78 and a 200-day moving average price of $75.95. The company has a market cap of $239.17 billion, a price-to-earnings ratio of 19.10 and a beta of 0.30. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.

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.

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

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