Adage Capital Partners GP L.L.C. raised its position in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 29.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,034,271 shares of the retailer’s stock after buying an additional 688,100 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.10% of Wal-Mart Stores worth $221,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Compass Capital Management Inc. raised its position in Wal-Mart Stores by 0.9% in the second quarter. Compass Capital Management Inc. now owns 274,940 shares of the retailer’s stock worth $20,076,000 after buying an additional 2,552 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Wal-Mart Stores by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 608,983 shares of the retailer’s stock worth $41,709,000 after buying an additional 24,292 shares in the last quarter. Acadian Asset Management LLC raised its position in Wal-Mart Stores by 12.9% in the second quarter. Acadian Asset Management LLC now owns 3,788,062 shares of the retailer’s stock worth $276,603,000 after buying an additional 431,780 shares in the last quarter. Retirement Systems of Alabama raised its position in Wal-Mart Stores by 3.0% in the second quarter. Retirement Systems of Alabama now owns 1,582,960 shares of the retailer’s stock worth $115,588,000 after buying an additional 45,683 shares in the last quarter. Finally, KLCM Advisors Inc. raised its position in Wal-Mart Stores by 8.3% in the second quarter. KLCM Advisors Inc. now owns 159,417 shares of the retailer’s stock worth $11,641,000 after buying an additional 12,211 shares in the last quarter. Institutional investors own 29.52% of the company’s stock.

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

Wal-Mart Stores Inc. (NYSE:WMT) traded down 0.22% on Friday, reaching $71.23. 8,223,872 shares of the company’s stock were exchanged. Wal-Mart Stores Inc. has a 12 month low of $56.36 and a 12 month high of $75.19. The stock has a market capitalization of $220.33 billion, a PE ratio of 15.33 and a beta of 0.10. The firm has a 50 day moving average of $69.88 and a 200 day moving average of $71.04.

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

Several brokerages have recently weighed in on WMT. Jefferies Group set a $86.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $77.00 target price (up previously from $68.00) on shares of Wal-Mart Stores in a report on Tuesday, August 2nd. Royal Bank Of Canada lowered their target price on shares of Wal-Mart Stores from $76.00 to $75.00 and set an “underperform” rating on the stock in a report on Friday, October 7th. Buckingham Research reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. Finally, BMO Capital Markets lowered their target price on shares of Wal-Mart Stores from $67.00 to $63.00 and set an “underperform” rating on the stock in a report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.86.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 3,142,846 shares of Wal-Mart Stores stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $72.41, for a total transaction of $227,573,478.86. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $488,664,677.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven P. Whaley sold 1,100 shares of Wal-Mart Stores stock in a transaction on Friday, August 26th. The stock was sold at an average price of $71.46, for a total transaction of $78,606.00. Following the sale, the insider now owns 29,464 shares in the company, valued at approximately $2,105,497.44. The disclosure for this sale can be found here. Company insiders own 51.55% of the company’s stock.

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 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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