Dai Ichi Life Insurance Company Ltd boosted its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 14.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 215,045 shares of the retailer’s stock after buying an additional 27,250 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Wal-Mart Stores were worth $16,275,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Winfield Associates Inc. lifted its stake in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in Wal-Mart Stores by 3.3% in 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 buying an additional 45 shares in the last quarter. TrimTabs Asset Management LLC lifted its stake in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares in the last quarter. Thompson Davis & CO. Inc. lifted its stake in Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC lifted its stake in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares in the last quarter. 30.22% of the stock is currently owned by hedge funds and other institutional investors.

In other news, major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director S Robson Walton sold 826,617 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the sale, the director now owns 3,345,065 shares of the company’s stock, valued at $322,430,815.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,683,053 shares of company stock valued at $1,088,373,651. Insiders own 51.39% of the company’s stock.

A number of research firms recently issued reports on WMT. Cowen Inc reaffirmed a “buy” rating and issued a $110.00 target price on shares of Wal-Mart Stores in a research note on Wednesday. Barclays PLC reissued a “buy” rating and set a $110.00 price target on shares of Wal-Mart Stores in a research note on Tuesday. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Monday, November 20th. Goldman Sachs Group Inc lowered Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, November 20th. They noted that the move was a valuation call. Finally, Jefferies Group LLC set a $110.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $92.38.

Wal-Mart Stores, Inc. (WMT) traded up $0.21 during mid-day trading on Friday, hitting $96.62. The stock had a trading volume of 4,494,882 shares, compared to its average volume of 9,799,492. The firm has a market cap of $287,996.16, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 3.56 and a beta of 0.34. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $100.13.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. equities analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.

Wal-Mart Stores announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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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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