Institutional & Family Asset Management LLC raised its position in Wal-Mart Stores Inc (NYSE:WMT) by 3.2% during the third quarter, HoldingsChannel.com reports. The fund owned 39,789 shares of the retailer’s stock after acquiring an additional 1,228 shares during the period. Institutional & Family Asset Management LLC’s holdings in Wal-Mart Stores were worth $3,109,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of WMT. Hudock Capital Group LLC raised its stake in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the period. LLBH Private Wealth Management LLC raised its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after buying an additional 24 shares during the period. Edgemoor Investment Advisors Inc. raised its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after buying an additional 24 shares during the period. Canandaigua National Bank & Trust Co. raised its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 14,099 shares of the retailer’s stock worth $1,067,000 after buying an additional 45 shares during the period. Finally, Comerica Securities Inc. raised its stake in shares of Wal-Mart Stores by 0.3% in the second quarter. Comerica Securities Inc. now owns 18,079 shares of the retailer’s stock worth $1,368,000 after buying an additional 50 shares during the period. 30.62% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Telsey Advisory Group decreased their price objective on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, November 17th. Royal Bank of Canada raised their price objective on Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a research note on Friday, November 17th. Moffett Nathanson assumed coverage on Wal-Mart Stores in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. Wells Fargo & Co set a $101.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Seventeen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Buy” and a consensus price target of $100.30.

Wal-Mart Stores Inc (NYSE WMT) opened at $99.37 on Monday. The firm has a market capitalization of $294,370.00, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. Wal-Mart Stores Inc has a 1-year low of $67.56 and a 1-year high of $109.98.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. equities research analysts expect that Wal-Mart Stores Inc will post 4.44 earnings per share for the current fiscal year.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the transaction, the insider now owns 19,060 shares in the company, valued at approximately $1,848,629.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the transaction, the director now owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock valued at $1,207,333,538 in the last 90 days. 51.39% of the stock is currently owned by company insiders.

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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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