Telemus Capital LLC lifted its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,633 shares of the retailer’s stock after acquiring an additional 38 shares during the period. Telemus Capital LLC’s holdings in Wal-Mart Stores were worth $275,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. raised its position in shares of Wal-Mart Stores by 117.9% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 35,623 shares of the retailer’s stock worth $2,696,000 after acquiring an additional 19,275 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Wal-Mart Stores by 10.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 24,203 shares of the retailer’s stock worth $1,832,000 after acquiring an additional 2,301 shares in the last quarter. YHB Investment Advisors Inc. raised its position in shares of Wal-Mart Stores by 3.2% in the 2nd quarter. YHB Investment Advisors Inc. now owns 15,369 shares of the retailer’s stock worth $1,163,000 after acquiring an additional 480 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Wal-Mart Stores by 10.5% in the 2nd quarter. Oakworth Capital Inc. now owns 6,573 shares of the retailer’s stock worth $497,000 after acquiring an additional 626 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Wal-Mart Stores by 11.6% in the 2nd quarter. Sei Investments Co. now owns 606,569 shares of the retailer’s stock worth $45,905,000 after acquiring an additional 62,950 shares in the last quarter. 30.19% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on WMT. Royal Bank Of Canada set a $76.00 target price on Wal-Mart Stores and gave the stock a “sell” rating in a research report on Friday, August 4th. Citigroup Inc. increased their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. MKM Partners reissued a “neutral” rating on shares of Wal-Mart Stores in a research report on Tuesday, August 15th. Stephens raised Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $91.00 in a research report on Friday, August 11th. Finally, Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report 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 issued a strong buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus target price of $81.58.

In other Wal-Mart Stores news, Director S Robson Walton sold 2,117,863 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $78.45, for a total value of $166,146,352.35. Following the sale, the director now directly owns 3,344,956 shares of the company’s stock, valued at $262,411,798.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 1,586 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $79.00, for a total transaction of $125,294.00. Following the completion of the sale, the insider now directly owns 21,125 shares in the company, valued at $1,668,875. The disclosure for this sale can be found here. Insiders have sold 9,924,828 shares of company stock worth $785,676,492 over the last three months. Corporate insiders own 51.39% of the company’s stock.

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

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $123.40 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. Equities research analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS 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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