Summit Financial Group Inc. acquired a new stake in shares of Wal-Mart Stores Inc (NYSE:WMT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,350 shares of the retailer’s stock, valued at approximately $232,000.

Other large investors have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. grew its stake in shares of Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after acquiring an additional 1,252 shares during the period. Hudock Capital Group LLC grew its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of Wal-Mart Stores in the second quarter worth approximately $149,000. Cable Hill Partners LLC grew its stake in shares of Wal-Mart Stores by 8,165.4% in the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after acquiring an additional 2,123 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Wal-Mart Stores in the third quarter worth approximately $183,000. Institutional investors and hedge funds own 30.45% of the company’s stock.

Wal-Mart Stores Inc (NYSE WMT) opened at $99.55 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 stock has a market cap of $294,371.91, a P/E ratio of 26.48, a P/E/G ratio of 3.55 and a beta of 0.42. Wal-Mart Stores Inc has a 1-year low of $67.56 and a 1-year high of $109.98.

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

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the transaction, the director now directly owns 3,345,065 shares in the company, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock worth $1,207,333,538 in the last ninety days. Insiders own 51.39% of the company’s stock.

A number of analysts have recently commented on the stock. Barclays lifted their price target on shares of Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Vetr upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $110.28 price target for the company in a research note on Thursday, February 1st. ValuEngine upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Seventeen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $100.30.

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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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