Financial Counselors Inc. lowered its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,499 shares of the retailer’s stock after selling 3,307 shares during the quarter. Financial Counselors Inc.’s holdings in Wal-Mart Stores were worth $11,238,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Winfield Associates Inc. raised its position in shares of Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Wal-Mart Stores by 3.3% during the second 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 during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Wal-Mart Stores by 89.2% during the first 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 during the last quarter. Hudock Capital Group LLC raised its position in shares of Wal-Mart Stores by 0.4% during the second 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 during the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in shares of Wal-Mart Stores by 124.2% during the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after buying an additional 1,058 shares during the last quarter. 30.22% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Financial Counselors Inc. Has $11.24 Million Holdings in Wal-Mart Stores, Inc. (WMT)” was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/financial-counselors-inc-has-11-24-million-holdings-in-wal-mart-stores-inc-wmt/1720936.html.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.82, for a total value of $283,744,419.78. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $660,146,095.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Chojnowski sold 684 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $67,914.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,856,436 shares of company stock valued at $1,008,696,039. 51.39% of the stock is owned by insiders.

Shares of Wal-Mart Stores, Inc. (WMT) opened at $96.41 on Thursday. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13. The firm has a market cap of $288,000.00, a PE ratio of 22.26, a P/E/G ratio of 3.60 and a beta of 0.34. 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 released its quarterly earnings data 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 company had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores declared that its Board of Directors has approved a share buyback program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Several equities research analysts have recently issued reports on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Thursday, July 27th. BidaskClub upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. started coverage on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. They set an “outperform” rating and a $90.00 price objective on the stock. Finally, Morningstar, Inc. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $92.38.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores, Inc. (NYSE:WMT).

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.