Los Angeles Capital Management & Equity Research Inc. Reduces Position in Wal-Mart Stores, Inc. (WMT)

Los Angeles Capital Management & Equity Research Inc. lessened its holdings in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 26.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 634,127 shares of the retailer’s stock after selling 227,958 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Wal-Mart Stores were worth $47,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Hudock Capital Group LLC grew its stake 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 valued at $139,000 after buying an additional 7 shares during the period. Gemmer Asset Management LLC grew its stake in shares of 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 during the period. Sterneck Capital Management LLC grew its stake in shares of 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 during the period. LLBH Private Wealth Management LLC grew its stake in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock valued at $594,000 after buying an additional 24 shares during the period. Finally, Edgemoor Investment Advisors Inc. grew its stake in shares of Wal-Mart Stores by 0.3% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock valued at $579,000 after buying an additional 24 shares during the period. 30.12% of the stock is owned by institutional investors.

WMT has been the subject of several analyst reports. Royal Bank Of Canada set a $74.00 price target on shares of Wal-Mart Stores and gave the company a “sell” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a $84.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, July 27th. BidaskClub raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Wal-Mart Stores in a research note on Wednesday, August 2nd. They issued an “outperform” rating and a $90.00 price target for the company. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average price target of $89.87.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 474,042 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the transaction, the insider now directly owns 10,048,580 shares of the company’s stock, valued at approximately $804,288,343.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Robson Walton sold 646,330 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $80.20, for a total transaction of $51,835,666.00. Following the transaction, the director now directly owns 3,344,956 shares in the company, valued at $268,265,471.20. The disclosure for this sale can be found here. Insiders have sold a total of 9,979,505 shares of company stock worth $790,977,085 over the last three months. 51.39% of the stock is currently owned by insiders.

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Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at $97.47 on Friday. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.18 and a current ratio of 0.78. The company has a market cap of $297,590.00, a price-to-earnings ratio of 20.89, a P/E/G ratio of 3.40 and a beta of 0.34.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. During the same period last year, the firm posted $0.98 EPS. Wal-Mart Stores’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts predict that Wal-Mart Stores, Inc. will post 4.38 earnings per share for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 10th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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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