Stock Yards Bank & Trust Co. raised its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,697 shares of the retailer’s stock after purchasing an additional 255 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Wal-Mart Stores were worth $885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TrimTabs Asset Management LLC grew its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after purchasing an additional 696 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Wal-Mart Stores in the first quarter valued at about $201,000. SRS Capital Advisors Inc. boosted its stake in shares of Wal-Mart Stores by 75.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after acquiring an additional 901 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in shares of Wal-Mart Stores by 7.2% during the 1st quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after acquiring an additional 169 shares in the last quarter. Finally, Alexandria Capital LLC boosted its stake in shares of Wal-Mart Stores by 0.9% during the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 30.21% of the company’s stock.

Several research firms have recently issued reports on WMT. UBS AG reiterated a “neutral” rating and set a $80.00 price target (up previously from $73.00) on shares of Wal-Mart Stores in a research note on Sunday, May 21st. Citigroup Inc. upped their price target on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Wells Fargo & Company reiterated a “hold” rating on shares of Wal-Mart Stores in a research note on Thursday, August 17th. Credit Suisse Group reiterated a “hold” rating and set a $84.00 price target on shares of Wal-Mart Stores in a research note on Friday, August 18th. Finally, Robert W. Baird reiterated a “buy” rating and set a $85.00 price target on shares of Wal-Mart Stores in a research note on Sunday. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.25.

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In other Wal-Mart Stores news, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Robson Walton sold 646,330 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at $268,265,471.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,948,971 shares of company stock valued at $628,583,326. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE WMT) traded up 0.88% during midday trading on Friday, reaching $80.38. The company had a trading volume of 13,317,757 shares. The company has a market capitalization of $241.78 billion, a PE ratio of 19.31 and a beta of 0.30. The stock’s 50 day moving average is $79.86 and its 200 day moving average is $76.06. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $81.99.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the 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 business had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current fiscal year.

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.

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

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