D.A. Davidson & CO. boosted its stake in shares of Wal-Mart Stores Inc (NYSE:WMT) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 95,790 shares of the retailer’s stock after purchasing an additional 2,705 shares during the quarter. D.A. Davidson & CO.’s holdings in Wal-Mart Stores were worth $7,485,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Winfield Associates Inc. grew its position in shares of Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after acquiring an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in shares of Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares during the period. Thompson Davis & CO. Inc. grew its position in shares of Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the period. Hudock Capital Group LLC grew its position in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC grew its position in shares of Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after acquiring an additional 1,058 shares during the period. 30.58% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on WMT. Stephens set a $117.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday, January 16th. Goldman Sachs Group set a $115.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Macquarie set a $85.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Thursday. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Vetr upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price on the stock in a research report on Monday, November 27th. Nineteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores has a consensus rating of “Buy” and a consensus price target of $99.44.

Wal-Mart Stores Inc (WMT) opened at $104.59 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores Inc has a 12 month low of $65.28 and a 12 month high of $104.94. The firm has a market cap of $309,840.00, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 4.13 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $120.23 billion. During the same period last year, the company posted $0.98 EPS. The business’s revenue was up 4.2% on a year-over-year basis. sell-side analysts predict that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.

Wal-Mart Stores announced that its board has approved a stock buyback plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders sold a total of 12,419,588 shares of company stock worth $1,207,333,538 over the last three months. Corporate insiders own 51.39% of the company’s stock.

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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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