Levy Harkins & Co. Inc. trimmed its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,212 shares of the retailer’s stock after selling 2,995 shares during the period. Wal-Mart Stores makes up about 3.7% of Levy Harkins & Co. Inc.’s holdings, making the stock its 12th biggest position. Levy Harkins & Co. Inc.’s holdings in Wal-Mart Stores were worth $10,611,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wellington Shields & Co. LLC grew its stake in Wal-Mart Stores by 0.4% in the first quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after purchasing an additional 15 shares in the last quarter. Alexandria Capital LLC grew its stake in 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 purchasing an additional 22 shares in the last quarter. Sterneck Capital Management LLC grew its stake in Wal-Mart Stores by 0.3% in the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after purchasing an additional 22 shares in the last quarter. Essex Financial Services Inc. grew its stake in Wal-Mart Stores by 0.3% in the first quarter. Essex Financial Services Inc. now owns 10,145 shares of the retailer’s stock valued at $731,000 after purchasing an additional 29 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC grew its stake in Wal-Mart Stores by 0.3% in the first quarter. Arthur M. Cohen & Associates LLC now owns 9,783 shares of the retailer’s stock valued at $705,000 after purchasing an additional 33 shares in the last quarter. 30.21% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director S Robson Walton sold 646,330 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was 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 $268,265,471.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey J. Gearhart sold 9,216 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total value of $727,695.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,948,971 shares of company stock valued at $628,583,326. Corporate insiders own 51.39% of the company’s stock.

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Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.88% during trading on Friday, hitting $80.38. The stock had a trading volume of 13,317,757 shares. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99. The stock has a market capitalization of $241.78 billion, a P/E ratio of 19.31 and a beta of 0.30. The stock’s 50-day moving average is $79.86 and its 200-day moving average is $76.06.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Analysts predict that Wal-Mart Stores, Inc. will post $4.38 EPS for the current fiscal year.

A number of brokerages have commented on WMT. UBS AG restated a “neutral” rating and issued a $80.00 target price (up previously from $73.00) on shares of Wal-Mart Stores in a research note on Sunday, May 21st. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. BMO Capital Markets restated a “market weight” rating on shares of Wal-Mart Stores in a research note on Thursday. Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, J P Morgan Chase & Co set a $80.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Monday, August 14th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus target price of $80.25.

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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