Capstone Asset Management Co. reduced its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 9.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 252,024 shares of the retailer’s stock after selling 26,496 shares during the period. Capstone Asset Management Co.’s holdings in Wal-Mart Stores were worth $19,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Hawaiian Bank lifted its holdings in Wal-Mart Stores by 3.5% in the second quarter. First Hawaiian Bank now owns 7,270 shares of the retailer’s stock valued at $550,000 after buying an additional 247 shares during the period. Capital One National Association lifted its holdings in Wal-Mart Stores by 5.1% in the second quarter. Capital One National Association now owns 15,811 shares of the retailer’s stock valued at $1,197,000 after buying an additional 771 shares during the period. BKD Wealth Advisors LLC lifted its holdings in Wal-Mart Stores by 38.7% in the second quarter. BKD Wealth Advisors LLC now owns 33,783 shares of the retailer’s stock valued at $2,557,000 after buying an additional 9,421 shares during the period. Guinness Asset Management Ltd lifted its holdings in Wal-Mart Stores by 11.7% in the second quarter. Guinness Asset Management Ltd now owns 158,010 shares of the retailer’s stock valued at $11,958,000 after buying an additional 16,560 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its holdings in Wal-Mart Stores by 2.2% in the second quarter. Stock Yards Bank & Trust Co. now owns 11,697 shares of the retailer’s stock valued at $885,000 after buying an additional 255 shares during the period. Institutional investors and hedge funds own 30.19% of the company’s stock.

Several brokerages recently weighed in on WMT. KeyCorp restated a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a report on Tuesday. Robert W. Baird restated a “buy” rating and issued a $85.00 price objective on shares of Wal-Mart Stores in a report on Sunday. MKM Partners restated a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. BMO Capital Markets restated a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday, September 14th. Finally, Cowen and Company set a $86.00 price objective on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $80.25.

In other news, major shareholder Alice L. Walton sold 1,652,342 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $79.35, for a total value of $131,113,337.70. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $535,499,823. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the sale, the insider now owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,948,971 shares of company stock valued at $628,583,326. Company insiders own 51.39% of the company’s stock.

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Shares of Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.04% during mid-day trading on Tuesday, reaching $79.97. 2,886,967 shares of the company’s stock were exchanged. The company has a market cap of $240.55 billion, a PE ratio of 19.21 and a beta of 0.30. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The company’s 50-day moving average price is $79.87 and its 200 day moving average price is $76.21. Wal-Mart Stores also was the recipient of unusually large options trading activity on Monday. Traders purchased 5,107 put options on the stock. This represents an increase of approximately 351% compared to the typical volume of 1,132 put options.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Wal-Mart Stores, Inc. will post $4.38 EPS for the current year.

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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