Wedge Capital Management L L P NC lessened its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,107 shares of the retailer’s stock after selling 5,977 shares during the period. Wedge Capital Management L L P NC’s holdings in Wal-Mart Stores were worth $8,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Canada Pension Plan Investment Board grew its holdings in Wal-Mart Stores by 161.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after acquiring an additional 2,035,800 shares in the last quarter. Karp Capital Management Corp acquired a new position in Wal-Mart Stores during the 1st quarter worth approximately $111,777,000. Swiss National Bank grew its holdings in Wal-Mart Stores by 24.3% during the 1st quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock worth $437,701,000 after acquiring an additional 1,188,400 shares in the last quarter. State Street Corp grew its holdings in Wal-Mart Stores by 1.2% during the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after acquiring an additional 854,010 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Wal-Mart Stores by 10.3% during the 2nd quarter. Fisher Asset Management LLC now owns 5,853,675 shares of the retailer’s stock worth $443,006,000 after acquiring an additional 544,692 shares in the last quarter. Institutional investors own 30.19% of the company’s stock.

WMT has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) set a $84.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price target on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, July 17th. Royal Bank Of Canada set a $74.00 price target on shares of Wal-Mart Stores and gave the stock a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and a consensus target price of $84.11.

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In other news, major shareholder Alice L. Walton sold 696,363 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $78.73, for a total transaction of $54,824,658.99. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $531,315,703.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. 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. Corporate insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) opened at 85.98 on Wednesday. The stock has a market cap of $256.84 billion, a P/E ratio of 20.66 and a beta of 0.29. The firm’s 50-day moving average is $80.08 and its 200-day moving average is $77.67. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $86.95.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.

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

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.

Institutional Ownership by Quarter for Wal-Mart Stores (NYSE:WMT)

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