Bank of The West boosted its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 11.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,444 shares of the retailer’s stock after acquiring an additional 1,647 shares during the quarter. Bank of The West’s holdings in Wal-Mart Stores were worth $1,244,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ropes Wealth Advisors LLC grew its holdings in Wal-Mart Stores by 4.6% during the 1st quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock worth $1,699,000 after acquiring an additional 1,039 shares during the last quarter. Security National Bank of SO Dak grew its holdings in Wal-Mart Stores by 2.6% during the 1st quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after acquiring an additional 386 shares during the last quarter. First Personal Financial Services grew its holdings in Wal-Mart Stores by 5.0% during the 1st quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after acquiring an additional 3,434 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in Wal-Mart Stores by 4.0% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after acquiring an additional 31,436 shares during the last quarter. Finally, British Columbia Investment Management Corp grew its holdings in Wal-Mart Stores by 35.8% during the 1st quarter. British Columbia Investment Management Corp now owns 795,766 shares of the retailer’s stock worth $57,359,000 after acquiring an additional 209,619 shares during the last quarter. 30.19% of the stock is currently owned by hedge funds and other institutional investors.

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In other Wal-Mart Stores news, Director S Robson Walton sold 646,330 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total value of $51,835,666.00. Following the completion of the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $268,265,471.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $535,499,823. The disclosure for this sale can be found here. Insiders sold a total of 7,948,971 shares of company stock valued at $628,583,326 in the last 90 days. Corporate insiders own 51.39% of the company’s stock.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion during the quarter, compared to the consensus estimate of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS.

A number of brokerages have commented on WMT. KeyCorp reissued a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Royal Bank Of Canada set a $77.00 price objective on shares of Wal-Mart Stores and gave the stock a “sell” rating in a report on Monday, September 18th. Robert W. Baird reissued a “buy” rating and set a $85.00 price objective on shares of Wal-Mart Stores in a report on Sunday, September 17th. BMO Capital Markets reissued a “market weight” rating on shares of Wal-Mart Stores in a report on Thursday, September 14th. Finally, Zacks Investment Research lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Three 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 presently has a consensus rating of “Hold” and a consensus price target of $80.25.

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.

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

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