Highstreet Asset Management Inc. lessened its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,661 shares of the retailer’s stock after selling 1,609 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Wal-Mart Stores were worth $4,584,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMT. Hudock Capital Group LLC grew its holdings in shares of Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares in the last quarter. Gemmer Asset Management LLC grew its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after purchasing an additional 10 shares in the last quarter. Sterneck Capital Management LLC grew its holdings in shares of Wal-Mart Stores by 0.3% during the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after purchasing an additional 22 shares in the last quarter. LLBH Private Wealth Management LLC grew its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after purchasing an additional 24 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. grew its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after purchasing an additional 24 shares in the last quarter. 30.58% of the stock is owned by institutional investors and hedge funds.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at $98.21 on Monday. 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, Inc. has a 12-month low of $65.28 and a 12-month high of $100.13. The firm has a market capitalization of $291,380.00, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.61 and a beta of 0.37.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data 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. The firm had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. equities research analysts forecast 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 approved a share repurchase plan on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several research analysts have recently commented on WMT shares. BMO Capital Markets reissued a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday, September 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $85.00 target price on shares of Wal-Mart Stores in a research note on Sunday, September 17th. Royal Bank of Canada set a $77.00 target price on Wal-Mart Stores and gave the stock a “sell” rating in a research note on Monday, September 18th. KeyCorp reaffirmed a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Finally, Goldman Sachs Group set a $87.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $95.78.

In related news, insider Jacqueline P. Canney sold 1,586 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total transaction of $125,294.00. Following the completion of the transaction, the insider now owns 21,125 shares in the company, valued at $1,668,875. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now owns 19,060 shares of the company’s stock, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,421,174 shares of company stock valued at $1,366,398,832. 51.39% of the stock is owned by corporate insiders.

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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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