Foster Dykema Cabot & Co. Inc. MA held its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,776 shares of the retailer’s stock at the end of the 2nd quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Wal-Mart Stores were worth $891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Winfield Associates Inc. grew its holdings in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the period. TrimTabs Asset Management LLC grew its holdings in Wal-Mart Stores by 89.2% in the 1st 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 during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the period. Kistler Tiffany Companies LLC grew its holdings in Wal-Mart Stores by 124.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after buying an additional 1,058 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in Wal-Mart Stores by 75.2% in the 1st 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 during the period. Institutional investors own 30.19% of the company’s stock.

WMT has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $75.54 price target (down previously from $88.00) on shares of Wal-Mart Stores in a report on Thursday, June 22nd. Vetr cut Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $77.38 price target for the company. in a report on Monday, June 26th. Wells Fargo & Company restated a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. BidaskClub cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, July 13th. 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 assigned a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and an average price target of $84.38.

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Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 86.40 on Friday. The company’s 50 day moving average price is $80.90 and its 200 day moving average price is $77.99. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $86.95. The firm has a market capitalization of $258.09 billion, a price-to-earnings ratio of 20.76 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data 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. 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 quarter last year, the firm earned $1.07 EPS. Wal-Mart Stores’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts forecast that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

Wal-Mart Stores announced that its Board of Directors has authorized a stock buyback program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

In other news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total transaction of $125,294.00. Following the sale, the insider now owns 21,125 shares of the company’s stock, valued at approximately $1,668,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey J. Gearhart sold 9,216 shares of Wal-Mart Stores stock in a transaction that occurred on 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. Insiders have sold a total of 9,924,828 shares of company stock worth $785,676,492 in the last three months. 51.39% of the stock is owned by insiders.

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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