Dynamic Technology Lab Private Ltd increased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 221.4% during the third quarter, HoldingsChannel reports. The firm owned 18,642 shares of the retailer’s stock after buying an additional 12,842 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Wal-Mart Stores were worth $1,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Wal-Mart Stores by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after acquiring an additional 440,343 shares in the last quarter. FMR LLC lifted its stake in Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after acquiring an additional 5,608,785 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Wal-Mart Stores by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after acquiring an additional 580,373 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Wal-Mart Stores by 1.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after acquiring an additional 174,296 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Wal-Mart Stores by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock valued at $696,979,000 after acquiring an additional 45,217 shares in the last quarter. Institutional investors own 30.58% of the company’s stock.

In related news, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction dated 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 completion of the sale, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. In the last three months, insiders sold 12,419,588 shares of company stock valued at $1,207,333,538. 51.39% of the stock is currently owned by insiders.

Several brokerages have weighed in on WMT. Goldman Sachs Group cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Monday, November 20th. They noted that the move was a valuation call. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays reiterated a “buy” rating and set a $110.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, November 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. Finally, Vetr cut Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 target price on the stock. in a research note on Friday, November 17th. Eighteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $99.98.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at $102.70 on Thursday. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve month high of $102.94. The firm has a market capitalization of $304,240.00, a PE ratio of 27.31, a P/E/G ratio of 3.71 and a beta of 0.37. 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 (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same quarter last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts forecast that Wal-Mart Stores, Inc. will post 4.44 earnings per share for the current year.

Wal-Mart Stores announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is 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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