Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 731,709 shares of the retailer’s stock after buying an additional 97,582 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Wal-Mart Stores were worth $57,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Winfield Associates Inc. raised its holdings in shares of Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Wal-Mart Stores by 3.3% during 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 acquiring an additional 45 shares during the period. Thompson Davis & CO. Inc. increased its stake in shares of Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the period. Hudock Capital Group LLC increased its stake in shares of Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the period. Finally, Kistler Tiffany Companies LLC increased its stake in shares of Wal-Mart Stores by 124.2% during the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after acquiring an additional 1,058 shares during the period. 30.58% of the stock is currently owned by institutional investors.

In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction that occurred 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 legal filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction that occurred on 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $100.02 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The stock has a market cap of $296,300.00, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 3.69 and a beta of 0.37. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $102.35.

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

Wal-Mart Stores declared that its board has authorized a stock repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

A number of research analysts recently commented on WMT shares. Robert W. Baird set a $90.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group set a $87.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 3rd. KeyCorp reiterated a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Jefferies Group raised their price objective on shares of Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Bank of America set a $100.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $97.09.

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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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