K.J. Harrison & Partners Inc decreased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 23.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,800 shares of the retailer’s stock after selling 1,504 shares during the period. K.J. Harrison & Partners Inc’s holdings in Wal-Mart Stores were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Ropes Wealth Advisors LLC increased its holdings in shares of Wal-Mart Stores by 4.6% in the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock valued at $1,699,000 after purchasing an additional 1,039 shares during the period. Security National Bank of SO Dak increased its holdings in shares of Wal-Mart Stores by 2.6% in the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock valued at $1,103,000 after purchasing an additional 386 shares during the period. First Personal Financial Services increased its holdings in shares of Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock valued at $5,242,000 after purchasing an additional 3,434 shares during the period. Berkshire Asset Management LLC PA increased its holdings in shares of Wal-Mart Stores by 1.5% in the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock valued at $10,500,000 after purchasing an additional 1,994 shares during the period. Finally, Old Mutual Global Investors UK Ltd. increased its holdings in shares of Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after purchasing an additional 31,436 shares during the period. 30.19% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, July 13th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on Wal-Mart Stores and gave the company a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $81.58.

Wal-Mart Stores, Inc. (WMT) opened at 79.00 on Friday. The firm has a market capitalization of $235.99 billion, a price-to-earnings ratio of 18.98 and a beta of 0.29. The company has a 50-day moving average price of $79.30 and a 200 day moving average price of $77.04. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99.

Wal-Mart Stores (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

In related news, major shareholder Alice L. Walton sold 2,000,000 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.47, for a total transaction of $158,940,000.00. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $536,309,652.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 2,117,863 shares of Wal-Mart Stores stock in a transaction on Friday, September 1st. The shares were sold at an average price of $78.45, for a total value of $166,146,352.35. Following the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. Insiders own 51.39% of the company’s stock.

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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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