Federated Investors Inc. PA raised its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 20.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,032 shares of the retailer’s stock after purchasing an additional 118,684 shares during the period. Federated Investors Inc. PA’s holdings in Wal-Mart Stores were worth $52,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Winfield Associates Inc. raised its stake in shares of Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after purchasing an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Wal-Mart Stores by 3.3% during 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 purchasing an additional 45 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after purchasing an additional 1,058 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Wal-Mart Stores by 75.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after purchasing an additional 901 shares in the last quarter. 30.18% of the stock is owned by institutional investors.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at 86.95 on Tuesday. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $89.11. The company has a 50-day moving average price of $82.57 and a 200 day moving average price of $78.86. The firm has a market cap of $259.74 billion, a price-to-earnings ratio of 20.89 and a beta of 0.29.

Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $123.40 billion for the quarter, compared to analyst estimates of $121.86 billion. During the same quarter last year, the company earned $1.07 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

Wal-Mart Stores declared that its board has approved a share buyback program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

A number of research firms have recently weighed in on WMT. Vetr raised Wal-Mart Stores from a “strong sell” rating to a “hold” rating and set a $87.80 price target for the company in a research note on Monday. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Wednesday, October 18th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $99.00 price target (up from $93.00) on shares of Wal-Mart Stores in a research note on Monday, October 16th. BMO Capital Markets set a $91.00 price target on Wal-Mart Stores and gave the stock a “hold” rating in a research note on Friday, October 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $91.00 price target on shares of Wal-Mart Stores in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Wal-Mart Stores has an average rating of “Hold” and an average price target of $85.58.

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 stock was sold at an average price of $80.04, for a total transaction of $37,942,321.68. Following the transaction, the insider now owns 10,048,580 shares in the company, valued at approximately $804,288,343.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 129,628 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total value of $10,427,276.32. Following the transaction, the director now owns 3,344,956 shares in the company, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,924,828 shares of company stock worth $785,676,492. Corporate insiders own 51.39% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Federated Investors Inc. PA Purchases 118,684 Shares of Wal-Mart Stores, Inc. (WMT)” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://theolympiareport.com/2017/10/31/federated-investors-inc-pa-purchases-118684-shares-of-wal-mart-stores-inc-wmt.html.

Wal-Mart Stores 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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wal-Mart Stores, Inc. (NYSE:WMT).

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

Receive News & Ratings for Wal-Mart Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.