Fayez Sarofim & Co. raised its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 0.3% during the third quarter, HoldingsChannel.com reports. The fund owned 990,332 shares of the retailer’s stock after acquiring an additional 2,891 shares during the period. Fayez Sarofim & Co.’s holdings in Wal-Mart Stores were worth $77,385,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of WMT. Dynamic Technology Lab Private Ltd increased its position in Wal-Mart Stores by 221.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 18,642 shares of the retailer’s stock worth $1,457,000 after buying an additional 12,842 shares in the last quarter. Seaward Management Limited Partnership increased its position in Wal-Mart Stores by 20.9% in the third quarter. Seaward Management Limited Partnership now owns 488,443 shares of the retailer’s stock worth $38,166,000 after buying an additional 84,359 shares in the last quarter. Columbia Partners L L C Investment Management purchased a new stake in Wal-Mart Stores in the third quarter worth about $269,000. Check Capital Management Inc. CA increased its position in Wal-Mart Stores by 80.2% in the third quarter. Check Capital Management Inc. CA now owns 12,639 shares of the retailer’s stock worth $988,000 after buying an additional 5,624 shares in the last quarter. Finally, Vaughan David Investments Inc. IL increased its position in Wal-Mart Stores by 10,667.7% in the third quarter. Vaughan David Investments Inc. IL now owns 481,318 shares of the retailer’s stock worth $26,545,000 after buying an additional 476,848 shares in the last quarter. 30.58% of the stock is currently owned by institutional investors.

A number of brokerages have commented on WMT. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Saturday, January 13th. Goldman Sachs Group set a $115.00 price target on Wal-Mart Stores and gave the stock a “neutral” rating in a research report on Tuesday. Stephens set a $117.00 price target on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Tuesday. Vetr upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price target for the company in a research report on Wednesday, January 10th. Finally, Telsey Advisory Group reduced their price target 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. Eighteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $99.98.

In other Wal-Mart Stores news, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was 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 owns 3,345,065 shares in the company, valued at approximately $322,430,815.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the insider now directly owns 19,060 shares of the company’s stock, valued at $1,848,629.40. The disclosure for this sale can be found here. Insiders have sold a total of 12,419,588 shares of company stock valued at $1,207,333,538 in the last 90 days. 51.39% of the stock is currently owned by company insiders.

Wal-Mart Stores, Inc. (WMT) opened at $102.70 on Thursday. The firm has a market capitalization of $304,240.00, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 3.71 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $102.94.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. equities research analysts expect that Wal-Mart Stores, Inc. will post 4.44 earnings per share for the current fiscal year.

Wal-Mart Stores announced that its board has initiated a stock repurchase plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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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