ClariVest Asset Management LLC reduced its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,468 shares of the retailer’s stock after selling 21,611 shares during the period. Wal-Mart Stores comprises 0.9% of ClariVest Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. ClariVest Asset Management LLC’s holdings in Wal-Mart Stores were worth $38,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Winfield Associates Inc. increased its position in Wal-Mart Stores by 5.8% during 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 in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in shares of 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 valued at $108,000 after purchasing an additional 45 shares during the period. Thompson Davis & CO. Inc. grew 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 valued at $115,000 after purchasing an additional 1,252 shares during the period. Hudock Capital Group LLC grew 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 valued at $139,000 after purchasing an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC grew its position in shares of Wal-Mart Stores by 124.2% in the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after purchasing an additional 1,058 shares during the period. 30.58% of the stock is owned by hedge funds and other institutional investors.

WMT has been the subject of a number of recent analyst reports. CIBC lowered their price objective on Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price objective for the company in a research report on Wednesday, January 10th. Telsey Advisory Group lowered their price objective on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Citigroup raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $106.00 to $117.00 in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada raised Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 price objective for the company in a research report on Wednesday, November 29th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $99.01.

In other Wal-Mart Stores news, Director S Robson Walton sold 826,617 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the transaction, the director now owns 3,345,065 shares in the company, valued at $322,430,815.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was 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 in the company, valued at approximately $1,848,629.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is currently owned by insiders.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $100.69 on Wednesday. The company has a market capitalization of $298,280.00, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.71 and a beta of 0.37. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $102.35. 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 (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. sell-side analysts expect that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores declared that its Board of Directors has approved a share buyback program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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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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