Thornburg Investment Management Inc. raised its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 25.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,128,749 shares of the retailer’s stock after buying an additional 226,868 shares during the period. Thornburg Investment Management Inc.’s holdings in Wal-Mart Stores were worth $81,360,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in Wal-Mart Stores by 2.6% in the first quarter. American Century Companies Inc. now owns 10,040,766 shares of the retailer’s stock valued at $723,738,000 after buying an additional 256,833 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Wal-Mart Stores by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock valued at $595,995,000 after buying an additional 99,921 shares in the last quarter. Swiss National Bank raised its stake in Wal-Mart Stores by 24.3% in the first quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock valued at $437,701,000 after buying an additional 1,188,400 shares in the last quarter. Fisher Asset Management LLC raised its stake in Wal-Mart Stores by 3.2% in the first quarter. Fisher Asset Management LLC now owns 5,308,983 shares of the retailer’s stock valued at $382,672,000 after buying an additional 165,474 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake in Wal-Mart Stores by 3.2% in the first quarter. Pzena Investment Management LLC now owns 5,115,038 shares of the retailer’s stock valued at $368,692,000 after buying an additional 159,994 shares in the last quarter. Institutional investors own 29.93% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.82% during midday trading on Tuesday, reaching $78.67. The company’s stock had a trading volume of 1,799,685 shares. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. The company has a market cap of $236.64 billion, a price-to-earnings ratio of 18.90 and a beta of 0.29. The stock has a 50-day moving average of $78.55 and a 200 day moving average of $75.09.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same period last year, the company posted $1.07 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.

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Several equities research analysts recently issued reports on the company. Sanford C. Bernstein reissued a “buy” rating on shares of Wal-Mart Stores in a research report on Saturday, May 13th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $74.00 price target on shares of Wal-Mart Stores in a research report on Friday, May 5th. UBS AG reissued a “neutral” rating and set a $80.00 price target (up from $73.00) on shares of Wal-Mart Stores in a research report on Sunday, May 21st. Citigroup Inc. upped their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $80.25.

In other news, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total value of $1,972,127.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 3,221,265 shares of Wal-Mart Stores stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $79.54, for a total value of $256,219,418.10. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $536,782,053.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,228,588 shares of company stock valued at $1,287,662,056. Corporate insiders own 51.39% 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 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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