Private Advisor Group LLC lowered its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,722 shares of the retailer’s stock after selling 5,457 shares during the quarter. Private Advisor Group LLC’s holdings in Wal-Mart Stores were worth $3,497,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WMT. Hudock Capital Group LLC boosted its holdings in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after purchasing an additional 7 shares in the last quarter. Gemmer Asset Management LLC boosted its holdings in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after purchasing an additional 10 shares in the last quarter. Sterneck Capital Management LLC boosted its holdings in shares of Wal-Mart Stores by 0.3% in the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after purchasing an additional 22 shares in the last quarter. LLBH Private Wealth Management LLC boosted its holdings in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after purchasing an additional 24 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. boosted its holdings in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock valued at $579,000 after purchasing an additional 24 shares in the last quarter. 30.22% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director S Robson Walton sold 2,117,863 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $78.45, for a total value of $166,146,352.35. Following the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $262,411,798.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 621,500 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $528,278,842.40. The disclosure for this sale can be found here. Insiders sold a total of 9,505,463 shares of company stock worth $753,034,763 in the last 90 days. Company insiders own 51.39% of the company’s stock.

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Wal-Mart Stores, Inc. (NYSE WMT) opened at $97.48 on Tuesday. The stock has a market capitalization of $291,190.00, a PE ratio of 22.25, a price-to-earnings-growth ratio of 3.60 and a beta of 0.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $100.13.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. equities research analysts expect that Wal-Mart Stores, Inc. will post 4.42 earnings per share for the current fiscal year.

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

A number of equities research analysts have weighed in on WMT shares. CIBC reduced their target price on Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Morningstar, Inc. reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. raised their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of “Hold” and a consensus target price of $90.87.

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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