Exxonmobil Investment Management Inc. TX cut its stake in shares of Wal-Mart Stores Inc. (NYSE:WMT) by 2.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,011 shares of the retailer’s stock after selling 8,294 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Wal-Mart Stores were worth $27,911,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WMT. Lawson Kroeker Investment Management Inc. NE boosted its stake in shares of Wal-Mart Stores by 0.5% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 106,061 shares of the retailer’s stock valued at $7,649,000 after buying an additional 570 shares during the last quarter. Oliver Luxxe Assets LLC bought a new stake in shares of Wal-Mart Stores during the third quarter valued at about $1,878,000. Bremer Trust National Association boosted its stake in shares of Wal-Mart Stores by 1.9% in the third quarter. Bremer Trust National Association now owns 13,577 shares of the retailer’s stock valued at $979,000 after buying an additional 253 shares during the last quarter. First American Bank boosted its position in Wal-Mart Stores by 3.3% in the third quarter. First American Bank now owns 36,813 shares of the retailer’s stock worth $2,654,000 after buying an additional 1,176 shares in the last quarter. Finally, Independence Advisors LLC boosted its position in Wal-Mart Stores by 5.9% in the third quarter. Independence Advisors LLC now owns 4,108 shares of the retailer’s stock worth $296,000 after buying an additional 228 shares in the last quarter. Institutional investors own 29.88% of the company’s stock.

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

Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.56% during trading on Friday, reaching $71.23. The company had a trading volume of 4,234,383 shares. The stock’s 50-day moving average price is $69.50 and its 200-day moving average price is $71.20. Wal-Mart Stores Inc. has a 12 month low of $58.32 and a 12 month high of $75.19. The stock has a market capitalization of $220.03 billion, a PE ratio of 15.45 and a beta of 0.10.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 17th. The retailer reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $118.20 billion for the quarter, compared to analysts’ expectations of $118.69 billion. Wal-Mart Stores had a return on equity of 17.71% and a net margin of 2.98%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Equities analysts forecast that Wal-Mart Stores Inc. will post $4.34 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on WMT shares. Deutsche Bank AG reiterated a “hold” rating and set a $77.00 price target (up from $68.00) on shares of Wal-Mart Stores in a report on Tuesday, August 2nd. Morgan Stanley set a $73.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Vetr cut Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $76.24 target price for the company. in a report on Monday, August 8th. Jefferies Group set a $85.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. set a $71.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.96.

In other news, major shareholder Alice L. Walton sold 2,100,000 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $71.44, for a total transaction of $150,024,000.00. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $482,118,555.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 3,504,756 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $71.37, for a total value of $250,134,435.72. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $481,646,154.60. The disclosure for this sale can be found here. Insiders own 51.55% of the company’s stock.

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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