Artemis Investment Management LLP acquired a new stake in Wal-Mart Stores Inc. (NYSE:WMT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 473,200 shares of the retailer’s stock, valued at approximately $34,555,000.

Other large investors have also recently bought and sold shares of the company. Vigilant Capital Management LLC boosted its position in shares of Wal-Mart Stores by 1,270.0% in the second quarter. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares in the last quarter. Americafirst Capital Management LLC bought a new position in shares of Wal-Mart Stores during the second quarter valued at $106,000. Piershale Financial Group Inc. boosted its position in shares of Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock valued at $117,000 after buying an additional 10 shares in the last quarter. Trust Department MB Financial Bank N A boosted its position in shares of Wal-Mart Stores by 46.5% in the second quarter. Trust Department MB Financial Bank N A now owns 2,014 shares of the retailer’s stock valued at $143,000 after buying an additional 639 shares in the last quarter. Finally, Kanaly Trust Co boosted its position in shares of Wal-Mart Stores by 27.7% in the second quarter. Kanaly Trust Co now owns 2,255 shares of the retailer’s stock valued at $165,000 after buying an additional 489 shares in the last quarter. Institutional investors own 29.55% of the company’s stock.

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

Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.95% on Friday, reaching $68.70. 12,653,847 shares of the company’s stock were exchanged. Wal-Mart Stores Inc. has a 1-year low of $56.30 and a 1-year high of $75.19. The stock’s 50-day moving average price is $71.77 and its 200-day moving average price is $70.95. The company has a market capitalization of $212.51 billion, a P/E ratio of 14.79 and a beta of 0.20.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 18th. The retailer reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The company earned $120.90 billion during the quarter, compared to the consensus estimate of $119.33 billion. Wal-Mart Stores had a net margin of 3.04% and a return on equity of 17.93%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 EPS. Analysts anticipate that Wal-Mart Stores Inc. will post $4.34 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. Morgan Stanley set a $74.00 target price on Wal-Mart Stores and gave the stock a “hold” rating in a report on Friday. Royal Bank Of Canada lowered their target price on Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating on the stock in a report on Friday. Robert W. Baird set a $80.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Friday. KeyCorp set a $90.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a report on Friday. Finally, Telsey Advisory Group decreased their price objective on Wal-Mart Stores from $78.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $75.56.

In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $482,118,555.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven P. Whaley sold 1,100 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $71.46, for a total transaction of $78,606.00. Following the sale, the insider now directly owns 29,464 shares of the company’s stock, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. 51.55% of the stock is currently owned by insiders.

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 offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.

5 Day Chart for NYSE:WMT

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