Providence First Trust Co purchased a new position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,451 shares of the retailer’s stock, valued at approximately $1,926,000. Wal-Mart Stores comprises approximately 1.9% of Providence First Trust Co’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Wal-Mart Stores by 1.2% during the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after buying an additional 854,010 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Wal-Mart Stores by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock worth $701,080,000 after buying an additional 174,296 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Wal-Mart Stores by 5.3% during the first quarter. Legal & General Group Plc now owns 8,594,967 shares of the retailer’s stock worth $619,457,000 after buying an additional 429,599 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Wal-Mart Stores by 1.2% during the first quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock worth $595,995,000 after buying an additional 99,921 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Wal-Mart Stores by 2.3% during the second quarter. Swiss National Bank now owns 6,209,229 shares of the retailer’s stock worth $469,914,000 after buying an additional 136,800 shares during the last quarter. Institutional investors own 30.15% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $90.92 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $91.69. The stock has a market capitalization of $271,596.41, a PE ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter last year, the business earned $1.07 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. equities analysts forecast that Wal-Mart Stores, Inc. will post 4.37 EPS for the current year.

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

A number of brokerages have recently commented on WMT. UBS AG set a $91.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Friday. Royal Bank Of Canada set a $83.00 price target on Wal-Mart Stores and gave the stock a “sell” rating in a report on Friday. Robert W. Baird reiterated an “outperform” rating and set a $95.00 price target (up from $90.00) on shares of Wal-Mart Stores in a report on Thursday. Morgan Stanley set a $90.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $86.65.

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In other news, major shareholder Alice L. Walton sold 621,500 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,000,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total value of $158,940,000.00. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $536,309,652.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,924,828 shares of company stock worth $785,676,492. Company 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.

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

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