Oakworth Capital Inc. raised its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,573 shares of the retailer’s stock after acquiring an additional 626 shares during the period. Oakworth Capital Inc.’s holdings in Wal-Mart Stores were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gemmer Asset Management LLC raised its holdings in Wal-Mart Stores by 0.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after buying an additional 10 shares during the period. Wellington Shields & Co. LLC raised its holdings in Wal-Mart Stores by 0.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after buying an additional 15 shares during the period. Sterneck Capital Management LLC raised its holdings in Wal-Mart Stores by 0.3% during the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after buying an additional 22 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Wal-Mart Stores by 0.7% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,432 shares of the retailer’s stock valued at $260,000 after buying an additional 25 shares during the period. Finally, WealthTrust Arizona LLC raised its holdings in Wal-Mart Stores by 1.2% during the 2nd quarter. WealthTrust Arizona LLC now owns 2,135 shares of the retailer’s stock valued at $162,000 after buying an additional 26 shares during the period. 30.19% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director S Robson Walton sold 2,117,863 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the completion of the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $262,411,798.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 621,500 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $78.28, for a total value of $48,651,020.00. Following the transaction, 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. Over the last ninety days, insiders have sold 9,924,828 shares of company stock valued at $785,676,492. 51.39% of the stock is owned by company insiders.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 79.00 on Friday. The firm has a 50-day moving average price of $79.30 and a 200-day moving average price of $77.04. The stock has a market capitalization of $235.99 billion, a PE ratio of 18.98 and a beta of 0.29. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $81.99.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year.

WMT has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) set a $84.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, July 13th. Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, July 17th. Royal Bank Of Canada set a $74.00 price target on Wal-Mart Stores and gave the company a “sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores presently has a consensus rating of “Hold” and an average price target of $81.58.

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.

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

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