Wrapmanager Inc. trimmed its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,167 shares of the retailer’s stock after selling 22 shares during the quarter. Wrapmanager Inc.’s holdings in Wal-Mart Stores were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Dupont Capital Management Corp increased its position in Wal-Mart Stores by 6.0% in the second quarter. Dupont Capital Management Corp now owns 146,199 shares of the retailer’s stock worth $11,064,000 after purchasing an additional 8,312 shares during the period. Savant Capital LLC increased its position in Wal-Mart Stores by 5.8% in the second quarter. Savant Capital LLC now owns 12,340 shares of the retailer’s stock worth $934,000 after purchasing an additional 679 shares during the period. Pinnacle Financial Partners Inc. increased its position in Wal-Mart Stores by 21.6% in the second quarter. Pinnacle Financial Partners Inc. now owns 9,565 shares of the retailer’s stock worth $725,000 after purchasing an additional 1,702 shares during the period. Bingham Osborn & Scarborough LLC increased its position in Wal-Mart Stores by 2.3% in the second quarter. Bingham Osborn & Scarborough LLC now owns 3,642 shares of the retailer’s stock worth $276,000 after purchasing an additional 81 shares during the period. Finally, Nippon Life Global Investors Americas Inc. increased its position in Wal-Mart Stores by 40.2% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 93,375 shares of the retailer’s stock worth $7,067,000 after purchasing an additional 26,780 shares during the period. Hedge funds and other institutional investors own 30.19% of the company’s stock.

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A number of analysts recently commented on WMT shares. Vetr lowered Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $77.38 price objective for the company. in a research report on Monday, June 26th. Wells Fargo & Company reiterated a “market perform” rating on shares of Wal-Mart Stores in a research report on Tuesday, June 27th. BidaskClub lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $84.00 in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.77.

In other news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the transaction, the insider now directly owns 21,125 shares in the company, valued at $1,668,875. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the completion of the transaction, the insider now owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is owned by company insiders.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 87.44 on Monday. The company has a market capitalization of $261.20 billion, a P/E ratio of 21.01 and a beta of 0.29. The stock’s 50 day moving average price is $81.17 and its 200-day moving average price is $78.10. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $87.45.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. On average, equities analysts expect that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

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