Hallmark Capital Management Inc. grew its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,852 shares of the retailer’s stock after buying an additional 1,740 shares during the quarter. Wal-Mart Stores comprises 2.2% of Hallmark Capital Management Inc.’s holdings, making the stock its 13th biggest position. Hallmark Capital Management Inc.’s holdings in Wal-Mart Stores were worth $16,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC raised its position in shares of Wal-Mart Stores by 0.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock worth $264,000 after buying an additional 15 shares in the last quarter. Alexandria Capital LLC raised its position in shares of Wal-Mart Stores by 0.9% during the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock worth $181,000 after buying an additional 22 shares in the last quarter. Sterneck Capital Management LLC raised its position in shares of Wal-Mart Stores by 0.3% during the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after buying an additional 22 shares in the last quarter. Essex Financial Services Inc. raised its position in shares of Wal-Mart Stores by 0.3% during the 1st quarter. Essex Financial Services Inc. now owns 10,145 shares of the retailer’s stock worth $731,000 after buying an additional 29 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC raised its position in shares of Wal-Mart Stores by 0.3% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 9,783 shares of the retailer’s stock worth $705,000 after buying an additional 33 shares in the last quarter. Institutional investors own 30.19% of the company’s stock.

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In other news, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the completion of the transaction, the insider now directly owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 1,586 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total value of $125,294.00. Following the completion of the sale, the insider now directly owns 21,125 shares of the company’s stock, valued at approximately $1,668,875. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock valued at $785,676,492 over the last ninety days. Company insiders own 51.39% of the company’s stock.

Several equities analysts have recently issued reports on WMT shares. Royal Bank Of Canada set a $76.00 price objective on shares of Wal-Mart Stores and gave the stock a “sell” rating in a research note on Friday, August 4th. MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Citigroup Inc. lifted their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Stephens raised shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $78.00 to $91.00 in a research note on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $80.57.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded down 1.03% during mid-day trading on Friday, hitting $78.14. 10,353,361 shares of the stock were exchanged. 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 12-month low of $65.28 and a 12-month high of $81.99. The company has a market capitalization of $233.42 billion, a PE ratio of 18.77 and a beta of 0.30.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. On average, equities research analysts expect that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

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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