Lee Danner & Bass Inc. lessened its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,934 shares of the retailer’s stock after selling 491 shares during the period. Lee Danner & Bass Inc.’s holdings in Wal-Mart Stores were worth $6,958,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WMT. Waldron LP acquired a new position in Wal-Mart Stores during the 1st quarter worth $313,000. Independent Portfolio Consultants Inc. increased its position in shares of Wal-Mart Stores by 1,586.0% in the 1st quarter. Independent Portfolio Consultants Inc. now owns 9,745 shares of the retailer’s stock worth $702,000 after purchasing an additional 9,167 shares during the last quarter. Chickasaw Capital Management LLC increased its position in shares of Wal-Mart Stores by 13.0% in the 1st quarter. Chickasaw Capital Management LLC now owns 47,622 shares of the retailer’s stock worth $3,433,000 after purchasing an additional 5,465 shares during the last quarter. Alexandria Capital LLC increased its position in shares of Wal-Mart Stores by 0.9% in the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after purchasing an additional 22 shares during the last quarter. Finally, Mycio Wealth Partners LLC bought a new stake in shares of Wal-Mart Stores in the 1st quarter worth about $266,000. Institutional investors and hedge funds own 30.19% of the company’s stock.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the transaction, the insider now owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 1,586 shares of the business’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 approximately $1,668,875. The disclosure for this sale can be found here. Insiders sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last quarter. 51.39% of the stock is owned by corporate insiders.

Wal-Mart Stores, Inc. (NYSE:WMT) opened at 78.45 on Tuesday. The company’s 50-day moving average price is $79.45 and its 200 day moving average price is $76.88. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The company has a market capitalization of $234.35 billion, a price-to-earnings ratio of 18.85 and a beta of 0.29. Wal-Mart Stores also saw unusually large options trading activity on Monday. Investors bought 5,107 put options on the stock. This is an increase of 351% compared to the average volume of 1,132 put options.

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

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Several analysts recently weighed in on the company. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Cowen and Company set a $86.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. J P Morgan Chase & Co set a $80.00 target price on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Monday, August 14th. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada boosted their price target on Wal-Mart Stores from $76.00 to $77.00 and gave the company an “underperform” rating in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Wal-Mart Stores has a consensus rating of “Hold” and an average target price of $80.52.

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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