White Pine Capital LLC decreased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,462 shares of the retailer’s stock after selling 100 shares during the period. White Pine Capital LLC’s holdings in Wal-Mart Stores were worth $565,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after acquiring an additional 854,010 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Wal-Mart Stores by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after acquiring an additional 174,296 shares in the last quarter. Legal & General Group Plc boosted its holdings in Wal-Mart Stores by 5.3% in the first quarter. Legal & General Group Plc now owns 8,594,967 shares of the retailer’s stock valued at $619,457,000 after acquiring an additional 429,599 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Wal-Mart Stores by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock valued at $595,995,000 after acquiring an additional 99,921 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Wal-Mart Stores by 2.3% in the second quarter. Swiss National Bank now owns 6,209,229 shares of the retailer’s stock valued at $469,914,000 after acquiring an additional 136,800 shares in the last quarter. Hedge funds and other institutional investors own 30.22% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $96.41 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $287,996.16, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 3.56 and a beta of 0.34. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $100.13.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. Wal-Mart Stores’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. equities research analysts forecast that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.

Wal-Mart Stores declared that its board has initiated a stock repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other news, major shareholder Alice L. Walton sold 1,002,210 shares of Wal-Mart Stores stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $96.23, for a total value of $96,442,668.30. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $649,415,853.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 696,363 shares of Wal-Mart Stores stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $78.73, for a total value of $54,824,658.99. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $531,315,703.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,856,436 shares of company stock valued at $1,008,696,039. 51.39% of the stock is owned by insiders.

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WMT has been the topic of several recent analyst reports. CIBC cut their price target on shares of 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. reiterated a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. lifted their price target on shares of 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 upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $92.38.

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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