Morningstar Investment Services LLC lowered its holdings in Wal-Mart Stores Inc (NYSE:WMT) by 38.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 110,100 shares of the retailer’s stock after selling 67,607 shares during the quarter. Morningstar Investment Services LLC’s holdings in Wal-Mart Stores were worth $8,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC grew its stake in Wal-Mart Stores by 10.9% during the 2nd quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after buying an additional 294,383 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in Wal-Mart Stores by 2.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after buying an additional 200 shares during the last quarter. State of Wisconsin Investment Board lifted its position in Wal-Mart Stores by 23.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after acquiring an additional 393,180 shares during the period. Numeric Investors LLC lifted its position in Wal-Mart Stores by 31.2% during the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after acquiring an additional 280,430 shares during the period. Finally, Comerica Bank lifted its position in Wal-Mart Stores by 3.5% during the 3rd quarter. Comerica Bank now owns 575,839 shares of the retailer’s stock worth $50,070,000 after acquiring an additional 19,415 shares during the period. Institutional investors and hedge funds own 30.53% of the company’s stock.

A number of analysts have weighed in on the company. Goldman Sachs Group cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, November 20th. They noted that the move was a valuation call. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Barclays reaffirmed a “buy” rating and set a $110.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, November 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price objective (up from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Finally, Vetr cut Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price objective for the company. in a research report on Friday, November 17th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $99.44.

In related news, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $119,148.00. Following the completion of the transaction, the executive vice president now directly owns 48,757 shares of the company’s stock, valued at $4,841,082.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the transaction, the director now directly owns 3,345,065 shares of the company’s stock, valued at $322,430,815.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is currently owned by insiders.

Shares of Wal-Mart Stores Inc (WMT) opened at $105.45 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $312,380.00, a P/E ratio of 28.05, a PEG ratio of 4.14 and a beta of 0.37. Wal-Mart Stores Inc has a 1-year low of $65.28 and a 1-year high of $105.45.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. sell-side analysts anticipate that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.

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

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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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