Sapphire Star Partners LP decreased its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 71.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,500 shares of the retailer’s stock after selling 11,100 shares during the period. Sapphire Star Partners LP’s holdings in Wal-Mart Stores were worth $341,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Asset Management Inc. bought a new stake in Wal-Mart Stores during the first quarter valued at approximately $221,000. Triangle Securities Wealth Management raised its stake in Wal-Mart Stores by 4.7% in the first quarter. Triangle Securities Wealth Management now owns 10,507 shares of the retailer’s stock valued at $757,000 after buying an additional 470 shares during the period. Cohen Lawrence B raised its stake in Wal-Mart Stores by 0.4% in the first quarter. Cohen Lawrence B now owns 6,050 shares of the retailer’s stock valued at $436,000 after buying an additional 25 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Wal-Mart Stores by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,306,800 shares of the retailer’s stock valued at $94,195,000 after buying an additional 35,668 shares during the period. Finally, Peachtree Investment Advisors Inc. raised its stake in Wal-Mart Stores by 28.6% in the first quarter. Peachtree Investment Advisors Inc. now owns 4,945 shares of the retailer’s stock valued at $356,000 after buying an additional 1,100 shares during the period. 30.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.02% during mid-day trading on Wednesday, reaching $80.75. 5,875,861 shares of the company’s stock traded hands. The stock has a market capitalization of $243.42 billion, a PE ratio of 18.34 and a beta of 0.29. The company’s 50-day moving average price is $77.76 and its 200-day moving average price is $74.46. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, May 18th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. Wal-Mart Stores’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. Analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

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Several equities research analysts have recently commented on WMT shares. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Friday, August 11th. Cowen and Company set a $86.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Monday, August 7th. Gordon Haskett started coverage on Wal-Mart Stores in a research note on Tuesday, May 9th. They issued a “buy” rating and a $90.00 price objective for the company. BidaskClub upgraded Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) set a $84.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.83.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 1,322 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $78.75, for a total value of $104,107.50. Following the transaction, the insider now directly owns 23,854 shares in the company, valued at approximately $1,878,502.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,618,300 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $80.22, for a total transaction of $129,820,026.00. Following the completion of the transaction, the director now owns 3,344,956 shares in the company, valued at $268,332,370.32. The disclosure for this sale can be found here. Insiders sold a total of 23,006,720 shares of company stock worth $1,816,131,604 over the last quarter. 51.39% of the stock is currently owned by company insiders.

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 operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.

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

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