Baker Ellis Asset Management LLC grew its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,092 shares of the retailer’s stock after buying an additional 989 shares during the period. Baker Ellis Asset Management LLC’s holdings in Wal-Mart Stores were worth $1,961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WMT. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the last quarter. TrimTabs Asset Management LLC raised its holdings in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in Wal-Mart Stores by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC raised its holdings in 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 last quarter. 30.65% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on WMT shares. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Thursday, October 12th. Bank of America set a $100.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Deutsche Bank set a $88.00 price target on shares of Wal-Mart Stores and gave the stock a “hold” rating in a research note on Thursday, November 16th. Jefferies Group set a $105.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, J P Morgan Chase & Co set a $102.00 price target on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $94.23.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 2,065 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the transaction, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,421,174 shares of company stock valued at $1,366,398,832. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE:WMT) opened at $97.90 on Tuesday. The firm has a market cap of $289,990.00, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 3.58 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 debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.98 earnings per share. sell-side analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores declared that its board has authorized a share buyback program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is 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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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