Essex Investment Management Co. LLC held its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the retailer’s stock at the end of the second quarter. Essex Investment Management Co. LLC’s holdings in Wal-Mart Stores were worth $341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Canada Pension Plan Investment Board boosted its holdings in shares of Wal-Mart Stores by 161.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,297,419 shares of the retailer’s stock worth $237,678,000 after acquiring an additional 2,035,800 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Wal-Mart Stores in the 1st quarter worth approximately $111,777,000. Swiss National Bank boosted its holdings in shares of Wal-Mart Stores by 24.3% in the 1st quarter. Swiss National Bank now owns 6,072,429 shares of the retailer’s stock worth $437,701,000 after acquiring an additional 1,188,400 shares in the last quarter. State Street Corp boosted its holdings in shares of Wal-Mart Stores by 1.2% in the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock worth $5,303,013,000 after acquiring an additional 854,010 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Wal-Mart Stores by 10.3% in the 2nd quarter. Fisher Asset Management LLC now owns 5,853,675 shares of the retailer’s stock worth $443,006,000 after acquiring an additional 544,692 shares in the last quarter. 30.19% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Wal-Mart Stores in a report on Friday. Robert W. Baird set a $90.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) set a $87.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a report on Tuesday. KeyCorp reissued a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Finally, Royal Bank Of Canada set a $77.00 target price on Wal-Mart Stores and gave the stock a “sell” rating in a report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $81.58.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of Wal-Mart Stores stock in a transaction on 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 completion of the sale, the insider now directly owns 10,048,580 shares of the company’s stock, valued at $804,288,343.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 621,500 shares of Wal-Mart Stores stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $78.28, for a total transaction of $48,651,020.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $528,278,842.40. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock valued at $785,676,492 in the last three months. 51.39% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Essex Investment Management Co. LLC Holds Position in Wal-Mart Stores, Inc. (WMT)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/10/07/essex-investment-management-co-llc-holds-position-in-wal-mart-stores-inc-wmt.html.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 79.00 on Friday. The company has a 50 day moving average of $79.30 and a 200-day moving average of $77.04. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The company has a market cap of $235.99 billion, a PE ratio of 18.98 and a beta of 0.29.

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

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores, Inc. (NYSE:WMT).

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

Receive News & Stock Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related stocks with our FREE daily email newsletter.