Boltwood Capital Management continued to hold its position in Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,494 shares of the retailer’s stock at the end of the second quarter. Boltwood Capital Management’s holdings in Wal-Mart Stores were worth $1,475,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wellington Shields & Co. LLC grew its stake in shares of Wal-Mart Stores by 0.4% in the 1st quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after purchasing an additional 15 shares during the last quarter. Alexandria Capital LLC grew its stake in shares of Wal-Mart Stores by 0.9% in the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after purchasing an additional 22 shares during the last quarter. Sterneck Capital Management LLC grew its stake in shares of Wal-Mart Stores by 0.3% in the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after purchasing an additional 22 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of Wal-Mart Stores by 0.3% in the 1st quarter. Essex Financial Services Inc. now owns 10,145 shares of the retailer’s stock valued at $731,000 after purchasing an additional 29 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC grew its stake in shares of Wal-Mart Stores by 0.3% in the 1st quarter. Arthur M. Cohen & Associates LLC now owns 9,783 shares of the retailer’s stock valued at $705,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 30.21% of the company’s stock.

Several equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a $84.00 price objective on Wal-Mart Stores and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets raised Wal-Mart Stores from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $63.00 to $80.00 in a research report on Friday, May 19th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $86.00 price objective (up previously from $83.00) on shares of Wal-Mart Stores in a research report on Monday, June 5th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average target price of $80.25.

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Wal-Mart Stores, Inc. (NYSE WMT) traded up 0.88% during midday trading on Friday, reaching $80.38. 13,317,757 shares of the company’s stock were exchanged. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99. The firm has a 50-day moving average price of $79.86 and a 200 day moving average price of $76.06. The company has a market cap of $241.78 billion, a price-to-earnings ratio of 19.31 and a beta of 0.30.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The firm had revenue of $123.40 billion for the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the prior year, the firm earned $1.07 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, analysts expect that Wal-Mart Stores, Inc. will post $4.38 EPS for the current fiscal year.

In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey J. Gearhart sold 9,216 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total transaction of $727,695.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock worth $628,583,326 over the last three months. 51.39% of the stock is currently owned by insiders.

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 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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