Woodley Farra Manion Portfolio Management Inc. grew its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,822 shares of the retailer’s stock after purchasing an additional 300 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in Wal-Mart Stores were worth $668,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WMT. FMR LLC grew its holdings in Wal-Mart Stores by 45.3% during the 2nd quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Wal-Mart Stores by 42.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after buying an additional 1,716,422 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Wal-Mart Stores by 100.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock valued at $200,294,000 after buying an additional 1,324,722 shares in the last quarter. State Street Corp grew its holdings in Wal-Mart Stores by 1.2% during the 1st quarter. State Street Corp now owns 73,568,236 shares of the retailer’s stock valued at $5,303,013,000 after buying an additional 854,010 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in Wal-Mart Stores by 51.8% during the 2nd quarter. State of Tennessee Treasury Department now owns 2,200,336 shares of the retailer’s stock valued at $166,521,000 after buying an additional 750,615 shares in the last quarter. 30.40% of the stock is owned by hedge funds and other institutional investors.

Wal-Mart Stores, Inc. (NYSE WMT) traded up $0.82 during trading hours on Wednesday, reaching $97.83. The company had a trading volume of 9,009,400 shares, compared to its average volume of 8,950,248. The company has a market cap of $287,380.69, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 3.58 and a beta of 0.37. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last released its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion during the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. Wal-Mart Stores’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. research analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has approved a share buyback program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have weighed in on WMT shares. CIBC reduced their target price on Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Citigroup lifted their target price on Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Telsey Advisory Group reduced their target price on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, November 17th. Royal Bank Of Canada raised Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 target price for the company in a report on Wednesday, November 29th. Finally, Goldman Sachs Group set a $87.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores has an average rating of “Hold” and a consensus target price of $92.68.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 1,586 shares of Wal-Mart Stores 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 transaction, the insider now directly owns 21,125 shares of the company’s stock, valued at approximately $1,668,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the transaction, the executive vice president now directly owns 48,757 shares in the company, valued at $4,841,082.53. The disclosure for this sale can be found here. Insiders sold a total of 12,554,472 shares of company stock worth $1,184,474,992 over the last ninety days. Insiders own 51.39% of the company’s stock.

WARNING: “Wal-Mart Stores, Inc. (WMT) Shares Bought by Woodley Farra Manion Portfolio Management Inc.” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/06/wal-mart-stores-inc-wmt-shares-bought-by-woodley-farra-manion-portfolio-management-inc.html.

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.

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

Receive News & Stock Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related stocks with our FREE daily email newsletter.