Family Legacy Inc. decreased its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,583 shares of the retailer’s stock after selling 70 shares during the quarter. Family Legacy Inc.’s holdings in Wal-Mart Stores were worth $1,179,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fulton Bank N.A. increased its position in shares of Wal-Mart Stores by 11.2% in the second quarter. Fulton Bank N.A. now owns 18,858 shares of the retailer’s stock valued at $1,427,000 after acquiring an additional 1,903 shares during the period. Capital Investment Advisors LLC increased its position in shares of Wal-Mart Stores by 1.8% during the second quarter. Capital Investment Advisors LLC now owns 18,215 shares of the retailer’s stock valued at $1,378,000 after buying an additional 329 shares during the period. Iberiabank Corp increased its position in shares of Wal-Mart Stores by 1.8% during the second quarter. Iberiabank Corp now owns 81,062 shares of the retailer’s stock valued at $6,135,000 after buying an additional 1,436 shares during the period. Atria Investments LLC increased its position in shares of Wal-Mart Stores by 22.6% during the second quarter. Atria Investments LLC now owns 16,214 shares of the retailer’s stock valued at $1,227,000 after buying an additional 2,985 shares during the period. Finally, City Holding Co. increased its position in shares of Wal-Mart Stores by 8.5% during the second quarter. City Holding Co. now owns 37,771 shares of the retailer’s stock valued at $2,858,000 after buying an additional 2,975 shares during the period. Hedge funds and other institutional investors own 30.19% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) traded down 0.76% during trading on Friday, reaching $79.40. 2,508,962 shares of the company’s stock traded hands. The company has a 50-day moving average price of $79.87 and a 200 day moving average price of $76.28. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99. The firm has a market capitalization of $237.18 billion, a PE ratio of 20.26 and a beta of 0.30.

Wal-Mart Stores (NYSE:WMT) last released its quarterly 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 return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same period last year, the firm posted $1.07 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on WMT. Citigroup Inc. boosted their price target on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Credit Suisse Group reiterated a “hold” rating and set a $84.00 price target on shares of Wal-Mart Stores in a research report on Friday, August 18th. Jefferies Group LLC reiterated a “buy” rating and set a $88.00 price target on shares of Wal-Mart Stores in a research report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, July 27th. Three equities research 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 stock. The stock has an average rating of “Hold” and a consensus target price of $80.25.

In other news, Director S Robson Walton sold 646,330 shares of Wal-Mart Stores stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the completion of the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $268,265,471.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock valued at $628,583,326 over the last ninety days. Insiders own 51.39% of the company’s stock.

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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