First Hawaiian Bank grew its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,270 shares of the retailer’s stock after buying an additional 247 shares during the quarter. First Hawaiian Bank’s holdings in Wal-Mart Stores were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in WMT. Canada Pension Plan Investment Board boosted its holdings in shares of Wal-Mart Stores by 161.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock valued at $237,678,000 after buying an additional 2,035,800 shares during the period. Karp Capital Management Corp acquired a new position in shares of Wal-Mart Stores in the first quarter valued at approximately $111,777,000. Swiss National Bank boosted its holdings in shares of 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 during the period. State Street Corp boosted its holdings in shares of Wal-Mart Stores by 1.2% in the first quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after buying an additional 854,010 shares during the period. Finally, QV Investors Inc. boosted its holdings in shares of Wal-Mart Stores by 114.3% in the first quarter. QV Investors Inc. now owns 920,393 shares of the retailer’s stock valued at $66,341,000 after buying an additional 491,004 shares during the period. Institutional investors own 30.19% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (WMT) traded down 0.02% during midday trading on Tuesday, reaching $79.98. 2,886,524 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $79.87 and a 200 day moving average price of $76.21. The company has a market cap of $240.58 billion, a P/E ratio of 19.22 and a beta of 0.30. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. Wal-Mart Stores also was the recipient of some unusual options trading on Monday. Investors acquired 5,107 put options on the stock. This represents an increase of 351% compared to the average volume of 1,132 put options.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $121.86 billion. During the same period in the prior year, the business posted $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.

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

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In other news, insider Jeffrey J. Gearhart sold 9,216 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $78.96, for a total transaction of $727,695.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now owns 10,048,580 shares in the company, valued at $804,288,343.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,948,971 shares of company stock worth $628,583,326. Company insiders own 51.39% of the company’s stock.

Wal-Mart Stores 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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