Wal-Mart Stores, Inc. (WMT) Shares Sold by Kidder Stephen W

Kidder Stephen W cut its holdings in Wal-Mart Stores, Inc. (NYSE:WMT) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,830 shares of the retailer’s stock after selling 850 shares during the period. Kidder Stephen W’s holdings in Wal-Mart Stores were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Gemmer Asset Management LLC increased its position in Wal-Mart Stores by 0.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock valued at $224,000 after buying an additional 10 shares in the last quarter. Wellington Shields & Co. LLC increased its position in Wal-Mart Stores by 0.4% in the 1st quarter. Wellington Shields & Co. LLC now owns 3,661 shares of the retailer’s stock valued at $264,000 after buying an additional 15 shares in the last quarter. Alexandria Capital LLC increased its position in Wal-Mart Stores by 0.9% in the 1st quarter. Alexandria Capital LLC now owns 2,513 shares of the retailer’s stock valued at $181,000 after buying an additional 22 shares in the last quarter. Sterneck Capital Management LLC increased its position in Wal-Mart Stores by 0.3% in the 1st quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock valued at $475,000 after buying an additional 22 shares in the last quarter. Finally, WealthTrust Arizona LLC increased its position in Wal-Mart Stores by 1.2% in the 2nd quarter. WealthTrust Arizona LLC now owns 2,135 shares of the retailer’s stock valued at $162,000 after buying an additional 26 shares in the last quarter. 29.93% of the stock is owned by institutional investors and hedge funds.

In related news, insider David Cheesewright sold 25,729 shares of Wal-Mart Stores stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $76.65, for a total transaction of $1,972,127.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey J. Gearhart sold 9,216 shares of Wal-Mart Stores stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $78.96, for a total transaction of $727,695.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,948,971 shares of company stock worth $628,583,326 in the last quarter. Corporate insiders own 51.39% of the company’s stock.

A number of analysts recently commented on the company. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Robert W. Baird set a $85.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, August 21st. UBS AG reaffirmed a “neutral” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a research report on Sunday, August 20th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $90.00 target price on shares of Wal-Mart Stores in a research report on Friday, August 18th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $84.00 target price on shares of Wal-Mart Stores in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $80.25.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 78.88 on Monday. The stock has a market cap of $237.27 billion, a P/E ratio of 18.95 and a beta of 0.30. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. The firm’s 50 day moving average price is $79.62 and its 200 day moving average price is $75.78.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. On average, analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current year.

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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.

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

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