Checchi Capital Advisers LLC reduced its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,178 shares of the retailer’s stock after selling 597 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Wal-Mart Stores were worth $1,905,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Waldron LP acquired a new position in shares of Wal-Mart Stores in the 1st quarter valued at $313,000. Verity & Verity LLC raised its stake in shares of Wal-Mart Stores by 3.4% in the 1st quarter. Verity & Verity LLC now owns 25,691 shares of the retailer’s stock valued at $1,852,000 after buying an additional 844 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Wal-Mart Stores by 6.7% in the 1st quarter. North Star Investment Management Corp. now owns 9,074 shares of the retailer’s stock valued at $654,000 after buying an additional 571 shares in the last quarter. Tufton Capital Management acquired a new position in shares of Wal-Mart Stores in the 1st quarter valued at $218,000. Finally, Oxbow Advisors LLC acquired a new position in shares of Wal-Mart Stores in the 1st quarter valued at $227,000. Hedge funds and other institutional investors own 30.19% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 88.65 on Tuesday. The company has a 50 day moving average of $81.46 and a 200-day moving average of $78.32. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $88.92. The firm has a market capitalization of $264.82 billion, a P/E ratio of 21.30 and a beta of 0.29.

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

Wal-Mart Stores announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

WMT has been the subject of a number of recent research reports. BidaskClub upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Morningstar, Inc. restated a “neutral” rating on shares of Wal-Mart Stores in a research note on Wednesday, August 2nd. Vetr cut shares of Wal-Mart Stores from a “sell” rating to a “strong sell” rating and set a $64.26 price objective for the company. in a research note on Monday, July 17th. Citigroup Inc. increased their price objective on shares of Wal-Mart Stores from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores presently has an average rating of “Hold” and an average price target of $84.77.

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In related news, major shareholder Alice L. Walton sold 474,042 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $80.04, for a total value of $37,942,321.68. Following the sale, the insider now directly owns 10,048,580 shares in the company, valued at $804,288,343.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 621,500 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $78.28, for a total value of $48,651,020.00. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $528,278,842.40. The disclosure for this sale can be found here. Insiders sold 9,924,828 shares of company stock worth $785,676,492 over the last quarter. 51.39% of the stock is currently owned by company insiders.

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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