Candriam Luxembourg S.C.A. raised its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 117.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,623 shares of the retailer’s stock after buying an additional 19,275 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Wal-Mart Stores were worth $2,696,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Winfield Associates Inc. increased its stake in shares of Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Wal-Mart Stores by 89.2% during the 1st 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. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after purchasing an additional 45 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after purchasing an additional 1,058 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Wal-Mart Stores by 75.2% during the 1st 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. Hedge funds and other institutional investors own 30.19% of the company’s stock.

Several research analysts have recently weighed in on the stock. Citigroup Inc. boosted their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Wells Fargo & Company restated a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Credit Suisse Group restated a “hold” rating and set a $84.00 price objective on shares of Wal-Mart Stores in a research note on Friday, August 18th. Jefferies Group LLC restated a “buy” rating and set a $88.00 price objective on shares of Wal-Mart Stores in a research note on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores currently has a consensus rating of “Hold” and a consensus price target of $81.58.

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In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 646,330 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the sale, the director now owns 3,344,956 shares of the company’s stock, valued at $268,265,471.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is currently owned by company insiders.

Wal-Mart Stores, Inc. (NYSE WMT) opened at 79.00 on Friday. The company has a 50-day moving average of $79.30 and a 200 day moving average of $77.04. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The company has a market cap of $235.99 billion, a P/E ratio of 18.98 and a beta of 0.29.

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 consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same period in the previous year, the business posted $1.07 earnings per share. Wal-Mart Stores’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

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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