Financial Advisory Service Inc. grew its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,220 shares of the retailer’s stock after acquiring an additional 12 shares during the period. Financial Advisory Service Inc.’s holdings in Wal-Mart Stores were worth $471,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ropes Wealth Advisors LLC raised its stake in shares of Wal-Mart Stores by 4.6% during the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock valued at $1,699,000 after acquiring an additional 1,039 shares during the last quarter. Security National Bank of SO Dak raised its stake in shares of Wal-Mart Stores by 2.6% during the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock valued at $1,103,000 after acquiring an additional 386 shares during the last quarter. First Personal Financial Services raised its stake in shares of Wal-Mart Stores by 5.0% during the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock valued at $5,242,000 after acquiring an additional 3,434 shares during the last quarter. Berkshire Asset Management LLC PA raised its stake in shares of Wal-Mart Stores by 1.5% during the second quarter. Berkshire Asset Management LLC PA now owns 138,747 shares of the retailer’s stock valued at $10,500,000 after acquiring an additional 1,994 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Wal-Mart Stores by 4.0% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock valued at $58,342,000 after acquiring an additional 31,436 shares during the last quarter. 30.19% of the stock is owned by hedge funds and other institutional investors.

Wal-Mart Stores, Inc. (NYSE:WMT) opened at 86.10 on Friday. The stock has a market capitalization of $257.20 billion, a PE ratio of 20.69 and a beta of 0.29. The company’s 50-day moving average is $79.80 and its 200 day moving average is $77.45. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $86.37.

Wal-Mart Stores (NYSE:WMT) last released 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 business had revenue of $123.40 billion during 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%. Wal-Mart Stores’s revenue was up 2.1% compared to the same quarter last year. 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 fiscal year.

Wal-Mart Stores announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

In other Wal-Mart Stores news, major shareholder Jim C. Walton sold 775,958 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $80.24, for a total transaction of $62,262,869.92. Following the completion of the sale, the insider now directly owns 10,507,224 shares in the company, valued at approximately $843,099,653.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director S Robson Walton sold 2,117,863 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $78.45, for a total transaction of $166,146,352.35. Following the sale, the director now owns 3,344,956 shares of the company’s stock, valued at $262,411,798.20. The disclosure for this sale can be found here. Over the last 90 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.

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WMT has been the subject of several analyst reports. Vetr raised shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating and set a $90.92 price target for the company in a research note on Thursday, June 15th. BidaskClub downgraded shares of Wal-Mart Stores from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reissued a “buy” rating and set a $75.54 target price (down previously from $88.00) on shares of Wal-Mart Stores in a research note on Thursday, June 22nd. Wells Fargo & Company reissued a “market perform” rating on shares of Wal-Mart Stores in a research note on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and an average target price of $83.11.

About Wal-Mart Stores

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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