Teacher Retirement System of Texas lifted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,108,616 shares of the retailer’s stock after buying an additional 54,146 shares during the period. Teacher Retirement System of Texas’ holdings in Wal-Mart Stores were worth $86,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winfield Associates Inc. raised its holdings in shares of Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Wal-Mart Stores by 3.3% during the 2nd 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 in the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after buying an additional 1,252 shares in the last quarter. Hudock Capital Group LLC raised its holdings in shares of Wal-Mart Stores by 0.4% during the 2nd 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 in the last quarter. Finally, Kistler Tiffany Companies LLC raised its holdings in shares of Wal-Mart Stores by 124.2% during the 2nd 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 in the last quarter. 30.58% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on WMT. Goldman Sachs Group cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays reissued a “buy” rating and set a $110.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $84.00 price objective (up from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $97.09.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 2,065 shares of Wal-Mart Stores stock in a transaction 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 $1,848,629.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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 12,419,588 shares of company stock valued at $1,207,333,538 in the last quarter. 51.39% of the stock is owned by company insiders.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $100.87 on Friday. 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 $65.28 and a 1 year high of $102.35. The firm has a market capitalization of $298,820.00, a P/E ratio of 26.83, a P/E/G ratio of 3.69 and a beta of 0.37.

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 Thomson Reuters’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. research analysts predict 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 initiated a share buyback plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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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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