Wal-Mart Stores, Inc. (NYSE:WMT) Stake Lowered by Foundation Resource Management Inc.

Foundation Resource Management Inc. decreased its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 6.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,529 shares of the retailer’s stock after selling 300 shares during the period. Foundation Resource Management Inc.’s holdings in Wal-Mart Stores were worth $343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. TrimTabs Asset Management LLC raised its stake in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares in the last quarter. Asset Planning Services Ltd. raised its stake in Wal-Mart Stores by 0.7% in the first quarter. Asset Planning Services Ltd. now owns 1,511 shares of the retailer’s stock worth $109,000 after buying an additional 11 shares in the last quarter. High Point Bank & Trust Co. raised its stake in Wal-Mart Stores by 71.9% in the fourth quarter. High Point Bank & Trust Co. now owns 1,960 shares of the retailer’s stock worth $136,000 after buying an additional 820 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its stake in Wal-Mart Stores by 7.2% in the first quarter. Arcadia Investment Management Corp MI now owns 2,504 shares of the retailer’s stock worth $180,000 after buying an additional 169 shares in the last quarter. 30.09% of the stock is currently owned by hedge funds and other institutional investors.

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Wal-Mart Stores, Inc. (NYSE WMT) traded down 0.32% on Friday, hitting $80.40. 7,905,495 shares of the company were exchanged. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The company has a market capitalization of $242.37 billion, a P/E ratio of 18.26 and a beta of 0.29. The firm’s 50 day moving average is $77.44 and its 200 day moving average is $74.15.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings results on Thursday, May 18th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.04. The company had revenue of $116.53 billion for the quarter, compared to analyst estimates of $117.01 billion. Wal-Mart Stores had a net margin of 2.79% and a return on equity of 16.96%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. On average, equities research analysts forecast that Wal-Mart Stores, Inc. will post $4.36 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on WMT. BidaskClub upgraded shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a report on Friday. Jefferies Group LLC set a $88.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Friday. Stephens upgraded shares of Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $91.00 in a report on Friday. Cowen and Company set a $86.00 price objective on shares of Wal-Mart Stores and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Royal Bank Of Canada set a $76.00 price objective on shares of Wal-Mart Stores and gave the stock a “sell” rating in a report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Wal-Mart Stores presently has a consensus rating of “Hold” and a consensus target price of $79.40.

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In other Wal-Mart Stores news, insider David Chojnowski sold 5,142 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $79.36, for a total transaction of $408,069.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,576,324 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $78.65, for a total transaction of $202,627,882.60. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $530,775,817. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,006,720 shares of company stock worth $1,816,131,604. Insiders own 51.39% of the company’s stock.

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.

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

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