Private Asset Management Inc. decreased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 84.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 466 shares of the retailer’s stock after selling 2,499 shares during the quarter. Private Asset Management Inc.’s holdings in Wal-Mart Stores were worth $466,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. raised its holdings in Wal-Mart Stores by 2.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after purchasing an additional 200 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in Wal-Mart Stores by 23.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after purchasing an additional 393,180 shares during the last quarter. Numeric Investors LLC raised its holdings in Wal-Mart Stores by 31.2% during the 2nd quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after purchasing an additional 280,430 shares during the last quarter. Berkshire Asset Management LLC PA raised its holdings in Wal-Mart Stores by 1.5% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock worth $10,500,000 after purchasing an additional 1,994 shares during the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. bought a new position in Wal-Mart Stores during the 2nd quarter worth approximately $363,000. Hedge funds and other institutional investors own 30.65% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE:WMT) traded down $0.02 during midday trading on Friday, reaching $97.11. 15,611,141 shares of the company traded hands, compared to its average volume of 9,437,804. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve 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. The firm has a market cap of $287,676.94, a P/E ratio of 22.17, a P/E/G ratio of 3.58 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. During the same quarter last year, the firm posted $0.98 EPS. Wal-Mart Stores’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the sale, the insider now owns 21,125 shares of the company’s stock, valued at approximately $1,668,875. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the sale, the director now directly 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. In the last three months, insiders sold 14,421,174 shares of company stock valued at $1,366,398,832. 51.39% of the stock is currently owned by insiders.

Several research analysts have issued reports on WMT shares. Robert W. Baird set a $90.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Goldman Sachs Group set a $87.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. KeyCorp reaffirmed a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Jefferies Group raised their price objective on shares of Wal-Mart Stores from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Bank of America set a $100.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday, October 10th. One 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 assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $92.96.

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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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