Gofen & Glossberg LLC IL decreased its position in Wal-Mart Stores Inc. (NYSE:WMT) by 0.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,793 shares of the retailer’s stock after selling 6 shares during the period. Gofen & Glossberg LLC IL’s holdings in Wal-Mart Stores were worth $1,932,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Piershale Financial Group Inc. increased its position in Wal-Mart Stores by 0.6% in the second quarter. Piershale Financial Group Inc. now owns 1,607 shares of the retailer’s stock worth $117,000 after buying an additional 10 shares during the period. Gemmer Asset Management LLC increased its position in Wal-Mart Stores by 0.4% in the second quarter. Gemmer Asset Management LLC now owns 2,902 shares of the retailer’s stock worth $212,000 after buying an additional 11 shares during the period. Bangor Savings Bank increased its position in Wal-Mart Stores by 0.7% in the second quarter. Bangor Savings Bank now owns 2,996 shares of the retailer’s stock worth $218,000 after buying an additional 20 shares during the period. Bradley Foster & Sargent Inc. CT increased its position in Wal-Mart Stores by 0.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,023 shares of the retailer’s stock worth $586,000 after buying an additional 23 shares during the period. Finally, Shinko Asset Management Co. Ltd. increased its position in Wal-Mart Stores by 0.4% in the second quarter. Shinko Asset Management Co. Ltd. now owns 7,692 shares of the retailer’s stock worth $562,000 after buying an additional 28 shares during the period. 28.67% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Wal-Mart Stores Inc. (NYSE:WMT) traded up 0.25% during trading on Tuesday, hitting $71.37. The stock had a trading volume of 7,310,092 shares. The company has a market capitalization of $220.46 billion, a PE ratio of 15.48 and a beta of 0.10. The firm has a 50-day moving average price of $69.62 and a 200 day moving average price of $71.33. Wal-Mart Stores Inc. has a 52 week low of $58.32 and a 52 week high of $75.19.

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

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WMT has been the topic of a number of analyst reports. Robert W. Baird set a $80.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Saturday, November 19th. Zacks Investment Research upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG reiterated a “hold” rating and set a $70.00 price objective on shares of Wal-Mart Stores in a research note on Thursday, August 18th. Buckingham Research reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Thursday, August 18th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Friday, September 9th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $74.96.

In other news, major shareholder Alice L. Walton sold 2,100,000 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $71.44, for a total value of $150,024,000.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $482,118,555.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 75,063 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $69.08, for a total value of $5,185,352.04. The disclosure for this sale can be found here. Corporate 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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