Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Wal-Mart Stores Inc (NYSE:WMT) by 8.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 507,183 shares of the retailer’s stock after buying an additional 39,099 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wal-Mart Stores were worth $39,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Wal-Mart Stores by 45.3% in the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Wal-Mart Stores by 42.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after buying an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Wal-Mart Stores by 52.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after buying an additional 1,689,364 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Wal-Mart Stores by 100.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after buying an additional 1,324,722 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Wal-Mart Stores by 128.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after buying an additional 1,158,519 shares during the last quarter. 30.58% of the stock is owned by institutional investors.

In other news, major shareholder Alice L. Walton sold 2,900,679 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction on Monday, December 11th. The stock was sold at an average price of $96.99, for a total value of $200,284.35. Following the sale, the insider now directly owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538 in the last three months. Insiders own 51.39% of the company’s stock.

Shares of Wal-Mart Stores Inc (WMT) opened at $104.59 on Friday. Wal-Mart Stores Inc has a twelve month low of $65.28 and a twelve month high of $104.94. 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 stock has a market capitalization of $309,840.00, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 4.12 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. equities research analysts expect that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.

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

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Sunday. Stephens set a $117.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, January 16th. Goldman Sachs Group set a $115.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday, January 16th. Macquarie set a $85.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a report on Thursday. Finally, Vetr raised Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 price objective for the company in a report on Monday, November 27th. Nineteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $99.44.

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About Wal-Mart Stores

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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