World Asset Management Inc lowered its position in shares of Wal-Mart Stores Inc (NYSE:WMT) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,792 shares of the retailer’s stock after selling 2,013 shares during the period. World Asset Management Inc owned about 4,947.51% of Wal-Mart Stores worth $11,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Day & Ennis LLC lifted its position in Wal-Mart Stores by 0.8% during the 1st quarter. Day & Ennis LLC now owns 9,386 shares of the retailer’s stock valued at $677,000 after acquiring an additional 79 shares during the period. New England Asset Management Inc. lifted its position in Wal-Mart Stores by 19.9% during the 1st quarter. New England Asset Management Inc. now owns 40,400 shares of the retailer’s stock valued at $2,912,000 after acquiring an additional 6,710 shares during the period. Soros Fund Management LLC purchased a new position in Wal-Mart Stores during the 1st quarter valued at about $296,000. Gotham Asset Management LLC increased its stake in Wal-Mart Stores by 3.5% during the 1st quarter. Gotham Asset Management LLC now owns 611,395 shares of the retailer’s stock valued at $44,069,000 after purchasing an additional 20,858 shares in the last quarter. Finally, Investment Centers of America Inc. increased its stake in Wal-Mart Stores by 5.8% during the 1st quarter. Investment Centers of America Inc. now owns 30,757 shares of the retailer’s stock valued at $2,208,000 after purchasing an additional 1,695 shares in the last quarter. 30.53% of the stock is owned by institutional investors and hedge funds.

In other news, SVP David Chojnowski sold 684 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $660,146,095.60. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock worth $1,207,333,538 in the last quarter. Company insiders own 51.39% of the company’s stock.

A number of brokerages have recently commented on WMT. Goldman Sachs Group lowered shares of Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Monday, November 20th. They noted that the move was a valuation call. Barclays lifted their price target on shares of Wal-Mart Stores to $120.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Wal-Mart Stores in a report on Friday, October 6th. Finally, Vetr downgraded shares of Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 price objective on the stock. in a report on Friday, November 17th. Eighteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.80.

Wal-Mart Stores Inc (WMT) opened at $109.55 on Tuesday. Wal-Mart Stores Inc has a 1-year low of $65.63 and a 1-year high of $109.98. The company has a market cap of $324,530.00, a price-to-earnings ratio of 29.14, a PEG ratio of 4.29 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19.

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

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

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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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