Sei Investments Co. grew its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 606,569 shares of the retailer’s stock after purchasing an additional 62,950 shares during the period. Sei Investments Co.’s holdings in Wal-Mart Stores were worth $45,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its holdings in Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after purchasing an additional 854,010 shares during the period. American Century Companies Inc. raised its holdings in Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock worth $723,738,000 after purchasing an additional 256,833 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Wal-Mart Stores by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 9,089,442 shares of the retailer’s stock worth $655,167,000 after purchasing an additional 399,273 shares during the period. Legal & General Group Plc raised its holdings in Wal-Mart Stores by 5.3% in the first quarter. Legal & General Group Plc now owns 8,594,967 shares of the retailer’s stock worth $619,457,000 after purchasing an additional 429,599 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Wal-Mart Stores by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock worth $595,995,000 after purchasing an additional 99,921 shares during the period. Institutional investors own 30.19% of the company’s stock.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 621,500 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $528,278,842.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the transaction, the insider now owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock valued at $785,676,492 in the last quarter. Company insiders own 51.39% of the company’s stock.

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Several research firms have weighed in on WMT. Citigroup Inc. increased their target price on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a report on Thursday, August 17th. Credit Suisse Group reiterated a “hold” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a report on Friday, August 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $88.00 target price on shares of Wal-Mart Stores in a 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 target price on the stock in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $81.58.

Shares of Wal-Mart Stores, Inc. (WMT) opened at 79.00 on Friday. The firm has a market cap of $235.99 billion, a PE ratio of 18.98 and a beta of 0.29. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99. The stock’s 50 day moving average is $79.30 and its 200-day moving average is $77.04.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share. Analysts expect that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

About Wal-Mart Stores

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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