Focused Investors LLC reduced its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,557,500 shares of the retailer’s stock after selling 45,900 shares during the quarter. Wal-Mart Stores accounts for 5.2% of Focused Investors LLC’s portfolio, making the stock its 8th biggest holding. Focused Investors LLC owned about 0.05% of Wal-Mart Stores worth $121,703,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Winfield Associates Inc. increased its position in Wal-Mart Stores by 5.8% during the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock valued at $104,000 after acquiring an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Wal-Mart Stores by 3.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares during the last quarter. TrimTabs Asset Management LLC increased its position in Wal-Mart Stores by 89.2% during the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock valued at $106,000 after acquiring an additional 696 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Hudock Capital Group LLC increased its position in Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the last quarter. 30.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Alice L. Walton sold 2,900,679 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.82, for a total transaction of $283,744,419.78. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Chojnowski sold 684 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,421,174 shares of company stock valued at $1,366,398,832. Corporate insiders own 51.39% of the company’s stock.

A number of analysts recently commented on WMT shares. CIBC reduced their price objective on Wal-Mart Stores from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. Telsey Advisory Group reduced their price objective on Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, November 17th. Citigroup upgraded Wal-Mart Stores from a “neutral” rating to a “buy” rating and upped their price objective for the company from $106.00 to $117.00 in a research report on Tuesday. Royal Bank of Canada upgraded Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 price objective for the company in a research report on Wednesday, November 29th. Finally, Goldman Sachs Group set a $87.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $94.70.

Wal-Mart Stores, Inc. (NYSE:WMT) opened at $98.75 on Thursday. The firm has a market capitalization of $292,270.00, a PE ratio of 22.35, a PEG ratio of 3.61 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13.

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

Wal-Mart Stores declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 10th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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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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