Stokes & Hubbell Capital Management LLC boosted its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 46.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,260 shares of the retailer’s stock after purchasing an additional 3,588 shares during the quarter. Stokes & Hubbell Capital Management LLC’s holdings in Wal-Mart Stores were worth $852,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Loeb Partners Corp increased its holdings in shares of Wal-Mart Stores by 114.3% in the 1st quarter. Loeb Partners Corp now owns 15,000 shares of the retailer’s stock worth $1,081,000 after buying an additional 8,000 shares during the last quarter. Hollencrest Securities LLC increased its holdings in shares of Wal-Mart Stores by 2.2% in the 1st quarter. Hollencrest Securities LLC now owns 3,036 shares of the retailer’s stock worth $218,000 after buying an additional 66 shares during the last quarter. Patriot Wealth Management Inc. increased its holdings in shares of Wal-Mart Stores by 2.0% in the 1st quarter. Patriot Wealth Management Inc. now owns 54,085 shares of the retailer’s stock worth $3,898,000 after buying an additional 1,051 shares during the last quarter. Truepoint Inc. increased its holdings in shares of Wal-Mart Stores by 1.6% in the 1st quarter. Truepoint Inc. now owns 3,534 shares of the retailer’s stock worth $255,000 after buying an additional 56 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in shares of Wal-Mart Stores by 14.0% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 20,568 shares of the retailer’s stock worth $1,483,000 after buying an additional 2,529 shares during the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

A number of analysts have recently weighed in on the stock. KeyCorp restated a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Royal Bank Of Canada set a $77.00 target price on shares of Wal-Mart Stores and gave the stock a “sell” rating in a report on Monday, September 18th. Robert W. Baird restated a “buy” rating and issued a $85.00 target price on shares of Wal-Mart Stores in a report on Sunday, September 17th. BMO Capital Markets restated a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday, September 14th. Finally, Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $80.25.

Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.60% during midday trading on Friday, reaching $79.53. 5,755,262 shares of the company were exchanged. The company has a market capitalization of $237.57 billion, a PE ratio of 19.11 and a beta of 0.30. The firm has a 50-day moving average price of $79.87 and a 200-day moving average price of $76.28. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current fiscal year.

In related news, major shareholder Alice L. Walton sold 1,652,342 shares of Wal-Mart Stores stock in a transaction that occurred 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 transaction, the insider now owns 6,748,580 shares in the company, valued at $535,499,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total transaction of $1,972,127.85. The disclosure for this sale can be found here. Insiders sold 7,948,971 shares of company stock valued at $628,583,326 in the last quarter. 51.39% of the stock is owned by insiders.

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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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