Country Trust Bank decreased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,823 shares of the retailer’s stock after selling 17,232 shares during the period. Wal-Mart Stores accounts for approximately 1.5% of Country Trust Bank’s investment portfolio, making the stock its 24th largest position. Country Trust Bank’s holdings in Wal-Mart Stores were worth $30,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC boosted its position in shares of Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after purchasing an additional 696 shares during the period. Paragon Capital Management Ltd purchased a new position in shares of Wal-Mart Stores during the 1st quarter worth approximately $201,000. SRS Capital Advisors Inc. boosted its position in shares of Wal-Mart Stores by 75.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after purchasing an additional 901 shares during the period. WealthTrust Arizona LLC boosted its position in shares of Wal-Mart Stores by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,135 shares of the retailer’s stock worth $162,000 after purchasing an additional 26 shares during the period. Finally, OLD Second National Bank of Aurora boosted its position in shares of Wal-Mart Stores by 14.0% during the 2nd quarter. OLD Second National Bank of Aurora now owns 2,450 shares of the retailer’s stock worth $186,000 after purchasing an additional 300 shares during the period. 30.19% of the stock is owned by institutional investors and hedge funds.

Wal-Mart Stores, Inc. (WMT) opened at 79.53 on Monday. The stock has a market capitalization of $237.57 billion, a P/E ratio of 19.11 and a beta of 0.30. The firm’s 50-day moving average is $79.87 and its 200 day moving average is $76.28. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. On average, equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

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In other 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 2,117,863 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The disclosure for this sale can be found here. Insiders have sold 7,948,971 shares of company stock worth $628,583,326 over the last three months. 51.39% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on WMT. Citigroup Inc. increased their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Credit Suisse Group reaffirmed a “hold” rating and set a $84.00 price objective on shares of Wal-Mart Stores in a research report on Friday, August 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $88.00 price objective on shares of Wal-Mart Stores in a research report on Wednesday, June 14th. Finally, Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.25.

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.

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

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