Community Trust & Investment Co. increased its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 13.2% during the first quarter, Holdings Channel reports. The firm owned 6,225 shares of the retailer’s stock after buying an additional 725 shares during the period. Community Trust & Investment Co.’s holdings in Wal-Mart Stores were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WMT. Ropes Wealth Advisors LLC raised its stake in shares of Wal-Mart Stores by 4.6% in the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock valued at $1,699,000 after buying an additional 1,039 shares in the last quarter. Security National Bank of SO Dak raised its stake in shares of Wal-Mart Stores by 2.6% in the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock valued at $1,103,000 after buying an additional 386 shares in the last quarter. First Personal Financial Services raised its stake in shares of Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock valued at $5,242,000 after buying an additional 3,434 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after buying an additional 31,436 shares in the last quarter. Finally, British Columbia Investment Management Corp raised its stake in shares of Wal-Mart Stores by 35.8% in the first quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock valued at $57,359,000 after buying an additional 209,619 shares in the last quarter. 30.00% of the stock is currently owned by institutional investors and hedge funds.

Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.32% during midday trading on Wednesday, reaching $81.03. The company had a trading volume of 3,743,829 shares. The stock has a market capitalization of $244.26 billion, a PE ratio of 18.40 and a beta of 0.29. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The firm’s 50 day moving average is $77.76 and its 200 day moving average is $74.46.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

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Several brokerages have recently commented on WMT. Vetr lowered Wal-Mart Stores from a “strong-buy” rating to a “buy” rating and set a $80.69 price objective for the company. in a report on Monday, June 19th. Jefferies Group LLC increased their price objective on Wal-Mart Stores from $86.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 12th. Royal Bank Of Canada reiterated a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. BidaskClub lowered Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Morgan Stanley set a $77.00 price objective on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday, May 29th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $79.83.

In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 1,321,340 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $78.61, for a total transaction of $103,870,537.40. The disclosure for this sale can be found here. Insiders have sold 23,006,720 shares of company stock worth $1,816,131,604 over the last 90 days. 51.39% of the stock is currently owned by company insiders.

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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