Westpac Banking Corp lessened its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 81.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,196 shares of the retailer’s stock after selling 485,247 shares during the period. Westpac Banking Corp’s holdings in Wal-Mart Stores were worth $8,113,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Winfield Associates Inc. lifted its holdings in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after purchasing an additional 45 shares during the last quarter. TrimTabs Asset Management LLC lifted its holdings in shares of Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after purchasing an additional 696 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after purchasing an additional 7 shares during the last quarter. Finally, Kistler Tiffany Companies LLC lifted its holdings in shares of Wal-Mart Stores by 124.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after purchasing an additional 1,058 shares during the last quarter. 30.12% of the stock is currently owned by institutional investors.

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Several analysts recently issued reports on WMT shares. BidaskClub raised Wal-Mart Stores from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morningstar, Inc. reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Wednesday, August 2nd. Vetr downgraded Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 price target on the stock. in a report on Monday, July 17th. Citigroup Inc. raised their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $87.27.

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

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $90.99 on Tuesday. The stock has a market capitalization of $271,810.00, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.39 and a beta of 0.34. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $91.98. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.51.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm 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%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 earnings per share. equities analysts forecast that Wal-Mart Stores, Inc. will post 4.37 EPS for the current year.

Wal-Mart Stores announced that its board has initiated a share repurchase plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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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