Pettyjohn Wood & White Inc. grew its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,886 shares of the retailer’s stock after acquiring an additional 1,071 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Wal-Mart Stores were worth $2,337,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Security National Bank of SO Dak raised its position in shares of Wal-Mart Stores by 2.6% in the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock valued at $1,103,000 after buying an additional 386 shares in the last quarter. Cutter & CO Brokerage Inc. raised its position in shares of Wal-Mart Stores by 2.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock valued at $611,000 after buying an additional 200 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Wal-Mart Stores by 23.1% in the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock valued at $158,610,000 after buying an additional 393,180 shares in the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Wal-Mart Stores by 1.5% in the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock valued at $10,500,000 after buying an additional 1,994 shares in the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. acquired a new stake in shares of Wal-Mart Stores in the second quarter valued at approximately $363,000. Hedge funds and other institutional investors own 30.40% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) traded up $0.01 during midday trading on Friday, hitting $96.78. 7,502,600 shares of the company’s stock were exchanged, compared to its average volume of 8,936,448. The company has a market capitalization of $285,250.00, a PE ratio of 22.21, a PEG ratio of 3.59 and a beta of 0.37. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. analysts expect that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

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

In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 1,319,133 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $97.61, for a total transaction of $128,760,572.13. Following the sale, the insider now owns 11,057,224 shares of the company’s stock, valued at $1,079,295,634.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $660,146,095.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,419,109 shares of company stock worth $1,366,198,547. Insiders own 51.39% of the company’s stock.

A number of research firms have recently weighed in on WMT. Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Citigroup lifted 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. Credit Suisse Group reiterated a “hold” rating and issued a $84.00 price target on shares of Wal-Mart Stores in a research report on Friday, August 18th. Oppenheimer reiterated a “buy” rating and issued a $90.00 price target on shares of Wal-Mart Stores in a research report on Friday, August 18th. Finally, Telsey Advisory Group dropped their price target on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $92.68.

ILLEGAL ACTIVITY WARNING: “Pettyjohn Wood & White Inc. Raises Holdings in Wal-Mart Stores, Inc. (WMT)” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/pettyjohn-wood-white-inc-raises-holdings-in-wal-mart-stores-inc-wmt/1752238.html.

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.

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.