Wetherby Asset Management Inc. increased its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,588 shares of the retailer’s stock after buying an additional 237 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Wal-Mart Stores were worth $2,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Winfield Associates Inc. grew its stake in 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 buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in 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 buying an additional 45 shares during the last quarter. TrimTabs Asset Management LLC grew its stake in 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 buying an additional 696 shares during the last quarter. Kistler Tiffany Companies LLC grew its stake in 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 buying an additional 1,058 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in Wal-Mart Stores by 49.8% during the 2nd quarter. Grove Bank & Trust now owns 2,015 shares of the retailer’s stock worth $152,000 after buying an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 30.19% of the company’s stock.

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Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 86.62 on Monday. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $86.95. The company has a 50-day moving average price of $80.08 and a 200 day moving average price of $77.67. The stock has a market capitalization of $258.75 billion, a P/E ratio of 20.81 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. Analysts forecast that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.

Wal-Mart Stores announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

A number of research analysts recently commented on WMT shares. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $84.00 in a research note on Friday, July 14th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Thursday, July 13th. BidaskClub downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Vetr downgraded Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price objective for the company. in a research note on Monday, June 19th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and a consensus price target of $83.48.

In other Wal-Mart Stores news, Director S Robson Walton sold 129,628 shares of Wal-Mart Stores stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at $269,068,260.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey J. Gearhart sold 9,216 shares of Wal-Mart Stores 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,924,828 shares of company stock worth $785,676,492. Corporate insiders own 51.39% of the company’s stock.

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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