M&T Bank Corp grew its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 305,043 shares of the retailer’s stock after acquiring an additional 3,465 shares during the period. M&T Bank Corp’s holdings in Wal-Mart Stores were worth $23,086,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Peddock Capital Advisors LLC grew its stake in Wal-Mart Stores by 13.9% in the 1st quarter. Peddock Capital Advisors LLC now owns 8,601 shares of the retailer’s stock worth $620,000 after acquiring an additional 1,047 shares during the period. Denver Investment Advisors LLC grew its stake in Wal-Mart Stores by 0.7% in the 1st quarter. Denver Investment Advisors LLC now owns 33,203 shares of the retailer’s stock worth $2,393,000 after acquiring an additional 240 shares during the period. Mosaic Family Wealth LLC grew its stake in Wal-Mart Stores by 36.6% in the 1st quarter. Mosaic Family Wealth LLC now owns 17,175 shares of the retailer’s stock worth $1,237,000 after acquiring an additional 4,605 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Wal-Mart Stores by 29.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,703 shares of the retailer’s stock worth $8,052,000 after acquiring an additional 25,380 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Wal-Mart Stores by 1.2% in the 1st quarter. Ameriprise Financial Inc. now owns 8,266,589 shares of the retailer’s stock worth $595,995,000 after acquiring an additional 99,921 shares during the period. Institutional investors own 30.40% of the company’s stock.

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $119,148.00. Following the transaction, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 826,617 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total transaction of $79,677,612.63. Following the completion of the transaction, the director now owns 3,345,065 shares in the company, valued at approximately $322,430,815.35. The disclosure for this sale can be found here. Insiders sold a total of 12,554,472 shares of company stock worth $1,184,474,992 in the last quarter. 51.39% of the stock is currently owned by company insiders.

Wal-Mart Stores, Inc. (NYSE:WMT) traded up $0.82 during trading hours on Wednesday, hitting $97.83. 9,009,400 shares of the company traded hands, compared to its average volume of 8,950,248. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. The firm has a market cap of $287,380.69, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 3.58 and a beta of 0.37. Wal-Mart Stores, Inc. has a 1-year low of $65.28 and a 1-year high of $100.13.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. The firm had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

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

Several research firms have commented on WMT. Vetr cut shares of Wal-Mart Stores from a “hold” rating to a “sell” rating and set a $91.97 target price for the company. in a research note on Friday, November 17th. Telsey Advisory Group lowered their target price on shares of Wal-Mart Stores from $108.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, November 17th. Royal Bank Of Canada lifted their target price on shares of Wal-Mart Stores from $83.00 to $92.00 and gave the stock an “underperform” rating in a research note on Friday, November 17th. Morgan Stanley lifted their target price on shares of Wal-Mart Stores from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Finally, BMO Capital Markets lifted their target price on shares of Wal-Mart Stores from $91.00 to $99.00 and gave the stock a “market perform” rating in a research note on Friday, November 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $92.68.

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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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