Simmons Bank increased its position in Wal-Mart Stores Inc. (NYSE:WMT) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,699 shares of the retailer’s stock after buying an additional 2,837 shares during the period. Wal-Mart Stores comprises approximately 0.6% of Simmons Bank’s portfolio, making the stock its 29th largest position. Simmons Bank’s holdings in Wal-Mart Stores were worth $5,603,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WMT. Vigilant Capital Management LLC increased its stake in 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 worth $100,000 after buying an additional 1,270 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Wal-Mart Stores during the second quarter valued at about $100,000. Americafirst Capital Management LLC acquired a new stake in shares of Wal-Mart Stores during the second quarter valued at about $106,000. Seven Eight Capital LLC acquired a new stake in shares of Wal-Mart Stores during the second quarter valued at about $111,000. Finally, Piershale Financial Group Inc. increased its stake in shares of Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock valued at $116,000 after buying an additional 5 shares during the period. 28.67% of the stock is currently owned by hedge funds and other institutional investors.

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

Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.29% during mid-day trading on Tuesday, hitting $71.40. 5,470,998 shares of the company were exchanged. Wal-Mart Stores Inc. has a 12-month low of $58.32 and a 12-month high of $75.19. The stock’s 50 day moving average is $69.58 and its 200-day moving average is $71.28. The company has a market cap of $220.55 billion, a price-to-earnings ratio of 15.49 and a beta of 0.10.

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

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Several brokerages have issued reports on WMT. Robert W. Baird set a $80.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Saturday, November 19th. Goldman Sachs Group Inc. set a $73.00 price target on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Friday, November 18th. Zacks Investment Research raised shares of Wal-Mart Stores from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada upped their price target on shares of Wal-Mart Stores from $73.00 to $76.00 and gave the company an “underperform” rating in a report on Friday, August 19th. Finally, Jefferies Group set a $85.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Tuesday, August 9th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and a consensus price target of $74.96.

In related news, major shareholder Alice L. Walton sold 2,100,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $482,118,555.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 75,063 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $69.08, for a total transaction of $5,185,352.04. The disclosure for this sale can be found here. Corporate 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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