Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 468,084 shares of the retailer’s stock after selling 69,699 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wal-Mart Stores were worth $35,425,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Hudock Capital Group LLC raised its holdings in Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after buying an additional 7 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in Wal-Mart Stores by 0.3% in 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 last quarter. Wellington Shields & Co. LLC raised its holdings in Wal-Mart Stores by 0.4% in 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 last quarter. Sterneck Capital Management LLC raised its holdings in Wal-Mart Stores by 0.3% in 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 last quarter. Finally, LLBH Private Wealth Management LLC raised its holdings in Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after buying an additional 24 shares during the last quarter. 30.15% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on WMT. KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Zacks Investment Research downgraded shares of Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, July 17th. J P Morgan Chase & Co reissued a “neutral” rating and set a $84.00 target price (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Wal-Mart Stores has a consensus rating of “Hold” and an average price target of $85.58.

In other news, major shareholder Jim C. Walton sold 775,958 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.24, for a total transaction of $62,262,869.92. Following the completion of the transaction, the insider now owns 10,507,224 shares of the company’s stock, valued at $843,099,653.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 129,628 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the transaction, the director now directly owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. Insiders have sold a total of 9,924,828 shares of company stock valued at $785,676,492 in the last ninety days. Insiders own 51.39% of the company’s stock.

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Wal-Mart Stores, Inc. (NYSE:WMT) opened at $88.95 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $265,410.00, a PE ratio of 20.57, a price-to-earnings-growth ratio of 3.47 and a beta of 0.34. Wal-Mart Stores, Inc. has a twelve month low of $65.28 and a twelve month high of $89.88.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 16.87% and a net margin of 2.60%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. equities research analysts expect that Wal-Mart Stores, Inc. will post 4.37 earnings per share for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has approved a stock buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

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.

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

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