Charter Trust Co. cut its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 14.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,841 shares of the retailer’s stock after selling 3,108 shares during the period. Charter Trust Co.’s holdings in Wal-Mart Stores were worth $1,426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its position 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 worth $106,000 after purchasing an additional 696 shares during the last quarter. SRS Capital Advisors Inc. increased its position 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 worth $151,000 after purchasing an additional 901 shares during the last quarter. Arcadia Investment Management Corp MI increased its position 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 worth $180,000 after purchasing an additional 169 shares during the last quarter. Alexandria Capital LLC increased its position 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 worth $181,000 after purchasing an additional 22 shares during the last quarter. Finally, Paragon Capital Management Ltd bought a new position in shares of Wal-Mart Stores in the first quarter worth approximately $201,000. Hedge funds and other institutional investors own 30.19% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (WMT) traded down 0.02% during trading on Tuesday, hitting $79.98. The stock had a trading volume of 2,886,529 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 50-day moving average price of $79.87 and a 200 day moving average price of $76.21. The company has a market cap of $240.58 billion, a P/E ratio of 19.22 and a beta of 0.30. Wal-Mart Stores also saw some unusual options trading on Monday. Investors purchased 5,107 put options on the stock. This is an increase of 351% compared to the average volume of 1,132 put options.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Wal-Mart Stores, Inc. will post $4.38 EPS for the current fiscal year.

Several research analysts recently weighed in on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. Cowen and Company restated an “outperform” rating and issued a $86.00 price objective (up from $83.00) on shares of Wal-Mart Stores in a research report on Monday, June 5th. Finally, Royal Bank Of Canada set a $74.00 price objective on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.25.

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In related news, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the transaction, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock worth $628,583,326 over the last ninety days. 51.39% of the stock is currently owned by corporate insiders.

Wal-Mart Stores 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.

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

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