Reliance Trust Co. of Delaware cut its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,358 shares of the retailer’s stock after selling 1,860 shares during the quarter. Reliance Trust Co. of Delaware’s holdings in Wal-Mart Stores were worth $1,995,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WMT. TrimTabs Asset Management LLC grew its stake in shares of 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. SRS Capital Advisors Inc. grew its stake in shares of 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. WealthTrust Arizona LLC grew its stake in shares of Wal-Mart Stores by 1.2% in the second quarter. WealthTrust Arizona LLC now owns 2,135 shares of the retailer’s stock valued at $162,000 after buying an additional 26 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in shares of 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. Finally, Alexandria Capital LLC grew its stake in shares of Wal-Mart Stores by 0.9% in the first quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after buying an additional 22 shares in the last quarter. 30.21% of the stock is owned by institutional investors and hedge funds.

Wal-Mart Stores, Inc. (NYSE WMT) opened at 80.38 on Friday. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The firm has a market cap of $241.78 billion, a P/E ratio of 19.31 and a beta of 0.30. The firm’s 50-day moving average price is $79.86 and its 200 day moving average price is $76.06.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter last year, the firm posted $1.07 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.

Several research firms recently weighed in on WMT. 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 note on Sunday, May 21st. Citigroup Inc. raised their target price on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Credit Suisse Group reissued a “hold” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a research note on Friday, August 18th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $88.00 target price on shares of Wal-Mart Stores in a research note on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.25.

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In other Wal-Mart Stores news, insider Jeffrey J. Gearhart sold 9,216 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $78.96, for a total value of $727,695.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 646,330 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total value of $51,835,666.00. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,948,971 shares of company stock worth $628,583,326. 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.

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

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