Stonebridge Capital Advisors LLC raised its stake in shares of Wal-Mart Stores Inc (NYSE:WMT) by 4.1% in the 3rd quarter, Holdings Channel reports. The firm owned 47,071 shares of the retailer’s stock after purchasing an additional 1,864 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Wal-Mart Stores were worth $3,678,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Thompson Davis & CO. Inc. increased its position in shares of 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 acquiring an additional 1,252 shares in the last quarter. Hudock Capital Group LLC increased its position in shares of 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 acquiring an additional 7 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of Wal-Mart Stores in the second quarter worth $149,000. Cable Hill Partners LLC increased its position in shares of Wal-Mart Stores by 8,165.4% in the third quarter. Cable Hill Partners LLC now owns 2,149 shares of the retailer’s stock worth $168,000 after acquiring an additional 2,123 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Wal-Mart Stores in the second quarter worth $185,000. 30.62% of the stock is owned by hedge funds and other institutional investors.

In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 1,200 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total transaction of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock worth $1,207,333,538 over the last quarter. 51.39% of the stock is currently owned by insiders.

Wal-Mart Stores Inc (WMT) opened at $99.37 on Friday. The firm has a market cap of $294,370.00, a price-to-earnings ratio of 26.43, a PEG ratio of 3.68 and a beta of 0.42. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. Wal-Mart Stores Inc has a 52 week low of $67.56 and a 52 week high of $109.98.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. analysts anticipate that Wal-Mart Stores Inc will post 4.43 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on WMT shares. BMO Capital Markets set a $91.00 price objective on shares of Wal-Mart Stores and gave the stock a “hold” rating in a research report on Friday, October 13th. Susquehanna Bancshares reissued a “positive” rating and issued a $99.00 price objective (up previously from $93.00) on shares of Wal-Mart Stores in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Vetr raised shares of Wal-Mart Stores from a “strong sell” rating to a “hold” rating and set a $87.80 price objective for the company in a research report on Monday, October 30th. Finally, Morgan Stanley set a $90.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Eighteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $100.37.

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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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