First Manhattan Co. trimmed its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,790 shares of the retailer’s stock after selling 175 shares during the period. First Manhattan Co.’s holdings in Wal-Mart Stores were worth $8,611,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Winfield Associates Inc. increased its stake in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after buying an additional 45 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in Wal-Mart Stores by 89.2% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after buying an additional 696 shares during the last quarter. Paragon Capital Management Ltd acquired a new stake in Wal-Mart Stores in the 1st quarter valued at $201,000. Finally, Kistler Tiffany Companies LLC increased its stake in Wal-Mart Stores by 124.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after buying an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 30.19% of the company’s stock.

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

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Several equities research analysts have issued reports 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 note on Friday, August 4th. Citigroup Inc. lifted 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 note on Tuesday, August 15th. MKM Partners reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Tuesday, August 15th. Stephens upgraded shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $91.00 in a research note 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 note on Friday, August 11th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores has a consensus rating of “Hold” and an average target price of $81.58.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 79.00 on Friday. The company’s 50-day moving average is $79.30 and its 200-day moving average is $77.04. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $81.99. The stock has a market cap of $235.99 billion, a P/E ratio of 18.98 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate 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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