Cutler Investment Counsel LLC increased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 106,641 shares of the retailer’s stock after acquiring an additional 1,678 shares during the period. Wal-Mart Stores makes up approximately 1.9% of Cutler Investment Counsel LLC’s holdings, making the stock its 24th largest holding. Cutler Investment Counsel LLC’s holdings in Wal-Mart Stores were worth $8,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Winfield Associates Inc. increased its holdings in shares of Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in shares of Wal-Mart Stores by 3.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of Wal-Mart Stores by 456.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. Hudock Capital Group LLC increased its holdings in shares of Wal-Mart Stores by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its holdings in shares of Wal-Mart Stores by 124.2% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the last quarter. 30.58% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director S Robson Walton sold 826,617 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now directly owns 3,345,065 shares of the company’s stock, valued at approximately $322,430,815.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,900,679 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. 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 three months. 51.39% of the stock is currently owned by corporate insiders.

Shares of Wal-Mart Stores, Inc. (WMT) opened at $104.30 on Friday. The firm has a market cap of $308,980.00, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 3.98 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $104.94.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ 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 net margin of 2.31% and a return on equity of 16.92%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company 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 approved a stock buyback program 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 programs are generally an indication that the company’s management believes its stock is undervalued.

Several equities analysts recently commented on WMT shares. Stephens set a $117.00 target price on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday. Macquarie set a $85.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Thursday. Goldman Sachs Group set a $115.00 target price on shares of Wal-Mart Stores and gave the company a “neutral” rating in a report on Tuesday. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Saturday, January 13th. Finally, Vetr raised shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price on the stock in a report on Monday, November 27th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $99.44.

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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.

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

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