Heritage Wealth Advisors increased its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,295 shares of the retailer’s stock after purchasing an additional 1,295 shares during the period. Wal-Mart Stores makes up 0.8% of Heritage Wealth Advisors’ portfolio, making the stock its 28th biggest position. Heritage Wealth Advisors’ holdings in Wal-Mart Stores were worth $1,585,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WMT. Voya Investment Management LLC grew its stake in Wal-Mart Stores by 10.9% during the second quarter. Voya Investment Management LLC now owns 2,983,092 shares of the retailer’s stock worth $225,760,000 after buying an additional 294,383 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in Wal-Mart Stores by 2.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 8,067 shares of the retailer’s stock worth $611,000 after buying an additional 200 shares during the last quarter. State of Wisconsin Investment Board grew its stake in Wal-Mart Stores by 23.1% during the second quarter. State of Wisconsin Investment Board now owns 2,095,792 shares of the retailer’s stock worth $158,610,000 after buying an additional 393,180 shares during the last quarter. Numeric Investors LLC grew its stake in Wal-Mart Stores by 31.2% during the second quarter. Numeric Investors LLC now owns 1,179,674 shares of the retailer’s stock worth $89,278,000 after buying an additional 280,430 shares during the last quarter. Finally, R. G. Niederhoffer Capital Management Inc. bought a new stake in Wal-Mart Stores during the second quarter worth about $363,000. 30.58% of the stock is owned by hedge funds and other institutional investors.

Wal-Mart Stores, Inc. (WMT) opened at $100.87 on Friday. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $102.35. The stock has a market cap of $298,820.00, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.68 and a beta of 0.37. 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 announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. During the same period last year, the firm earned $0.98 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts predict that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores announced that its board has authorized a stock buyback program on Tuesday, October 10th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Several brokerages have weighed in on WMT. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Saturday. Telsey Advisory Group decreased their price objective on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, November 17th. Royal Bank of Canada upped their price objective on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a research note on Friday, November 17th. Moffett Nathanson began coverage on shares of Wal-Mart Stores in a research note on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Co set a $101.00 price objective on shares of Wal-Mart Stores and gave the stock a “neutral” rating in a research note on Tuesday, January 2nd. Eighteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Wal-Mart Stores currently has a consensus rating of “Buy” and a consensus price target of $98.46.

In other Wal-Mart Stores news, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the transaction, the insider now directly owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the transaction, the director now directly owns 3,345,065 shares in the company, valued at $322,430,815.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,419,588 shares of company stock worth $1,207,333,538. Insiders own 51.39% of the company’s stock.

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Wal-Mart Stores 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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