Fulton Bank N.A. increased its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 11.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,858 shares of the retailer’s stock after purchasing an additional 1,903 shares during the period. Fulton Bank N.A.’s holdings in Wal-Mart Stores were worth $1,427,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Wal-Mart Stores by 3.6% in the 1st quarter. State of Alaska Department of Revenue now owns 258,522 shares of the retailer’s stock valued at $18,632,000 after buying an additional 8,965 shares during the period. Hexavest Inc. boosted its position in Wal-Mart Stores by 3.4% in the 1st quarter. Hexavest Inc. now owns 2,455,348 shares of the retailer’s stock valued at $176,981,000 after buying an additional 80,290 shares during the period. Motco boosted its position in Wal-Mart Stores by 0.7% in the 1st quarter. Motco now owns 42,869 shares of the retailer’s stock valued at $3,090,000 after buying an additional 310 shares during the period. Cape Cod Five Cents Savings Bank boosted its position in Wal-Mart Stores by 4.0% in the 1st quarter. Cape Cod Five Cents Savings Bank now owns 3,520 shares of the retailer’s stock valued at $254,000 after buying an additional 134 shares during the period. Finally, Wagner Bowman Management Corp boosted its position in Wal-Mart Stores by 3.8% in the 1st quarter. Wagner Bowman Management Corp now owns 9,392 shares of the retailer’s stock valued at $677,000 after buying an additional 347 shares during the period. 30.19% of the stock is owned by hedge funds and other institutional investors.

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In related news, major shareholder Alice L. Walton sold 1,652,342 shares of the stock in a transaction dated 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 sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $535,499,823. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 2,117,863 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the completion of the sale, the director now directly owns 3,344,956 shares in the company, valued at approximately $262,411,798.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,948,971 shares of company stock worth $628,583,326. Corporate insiders own 51.39% of the company’s stock.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data 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 business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter last year, the company earned $1.07 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.

Several equities analysts have commented on the stock. Royal Bank Of Canada set a $76.00 price target on shares of Wal-Mart Stores and gave the company a “sell” rating in a research report on Friday, August 4th. Citigroup Inc. raised their price target on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. Stephens raised shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $78.00 to $91.00 in a research report on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.25.

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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