Davidson & Garrard Inc. lowered its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 24.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,694 shares of the retailer’s stock after selling 8,678 shares during the period. Davidson & Garrard Inc.’s holdings in Wal-Mart Stores were worth $1,924,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its stake in shares of Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after buying an additional 2,035,800 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Wal-Mart Stores during the first quarter valued at $111,777,000. Swiss National Bank raised its stake in shares of Wal-Mart Stores by 24.3% in the first quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock valued at $437,701,000 after buying an additional 1,188,400 shares during the last quarter. QV Investors Inc. raised its stake in shares of Wal-Mart Stores by 114.3% in the first quarter. QV Investors Inc. now owns 920,393 shares of the retailer’s stock valued at $66,341,000 after buying an additional 491,004 shares during the last quarter. Finally, British Airways Pensions Investment Management Ltd purchased a new stake in shares of Wal-Mart Stores during the first quarter valued at $32,510,000. 29.93% of the stock is currently owned by institutional investors.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.83% during midday trading on Tuesday, hitting $78.68. The company had a trading volume of 1,795,987 shares. The stock has a market capitalization of $236.67 billion, a price-to-earnings ratio of 18.90 and a beta of 0.29. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. The stock’s 50-day moving average price is $78.55 and its 200-day moving average price is $75.09.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts predict that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.

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Several analysts have recently weighed in on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, July 17th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $79.40 price objective on the stock in a report on Monday, May 15th. Finally, Royal Bank Of Canada reissued a “sell” rating and set a $67.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.25.

In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 3,278,735 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $79.00, for a total transaction of $259,020,065.00. Following the transaction, the insider now directly owns 10,507,224 shares of the company’s stock, valued at approximately $830,070,696. The disclosure for this sale can be found here. Insiders have sold 16,228,588 shares of company stock valued at $1,287,662,056 in the last ninety days. Insiders own 51.39% 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 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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