Aspen Investment Management Inc held its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,193 shares of the retailer’s stock at the end of the third quarter. Wal-Mart Stores accounts for 0.8% of Aspen Investment Management Inc’s investment portfolio, making the stock its 28th largest position. Aspen Investment Management Inc’s holdings in Wal-Mart Stores were worth $1,024,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Ngam Advisors L.P. raised its position in shares of Wal-Mart Stores by 1.2% in the third quarter. Ngam Advisors L.P. now owns 85,035 shares of the retailer’s stock valued at $6,133,000 after buying an additional 1,022 shares in the last quarter. US Bancorp DE raised its position in shares of Wal-Mart Stores by 1.2% in the third quarter. US Bancorp DE now owns 1,968,718 shares of the retailer’s stock valued at $141,984,000 after buying an additional 23,129 shares in the last quarter. Compass Capital Management Inc. raised its position in shares of Wal-Mart Stores by 0.9% in the second quarter. Compass Capital Management Inc. now owns 274,940 shares of the retailer’s stock valued at $20,076,000 after buying an additional 2,552 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Wal-Mart Stores by 10.4% in the third quarter. Neuberger Berman Group LLC now owns 825,949 shares of the retailer’s stock valued at $59,567,000 after buying an additional 78,044 shares in the last quarter. Finally, Nuance Investments LLC raised its position in shares of Wal-Mart Stores by 5.3% in the third quarter. Nuance Investments LLC now owns 240,323 shares of the retailer’s stock valued at $17,332,000 after buying an additional 12,159 shares in the last quarter. Institutional investors and hedge funds own 28.81% of the company’s stock.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 1.24% during midday trading on Friday, hitting $67.13. 10,012,367 shares of the company traded hands. The stock has a 50 day moving average of $70.11 and a 200-day moving average of $71.27. Wal-Mart Stores, Inc. has a 52 week low of $60.20 and a 52 week high of $75.19. The stock has a market capitalization of $206.30 billion, a PE ratio of 14.56 and a beta of 0.10.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 17th. The retailer reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $118.20 billion for the quarter, compared to the consensus estimate of $118.69 billion. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities analysts forecast that Wal-Mart Stores, Inc. will post $4.32 earnings per share for the current fiscal year.

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Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “hold” rating to a “sell” rating in a research note on Wednesday. MKM Partners reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Wal-Mart Stores in a research note on Thursday, December 29th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Wednesday, December 28th. KeyCorp reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research note on Wednesday, December 28th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $86.00 target price on shares of Wal-Mart Stores in a research note on Wednesday, December 28th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $75.30.

In other Wal-Mart Stores news, CEO C Douglas Mcmillon sold 75,063 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $69.08, for a total transaction of $5,185,352.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rosalind G. Brewer sold 32,350 shares of the company’s stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $68.32, for a total transaction of $2,210,152.00. Following the sale, the insider now directly owns 245,328 shares in the company, valued at $16,760,808.96. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.

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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

5 Day Chart for NYSE:WMT

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