Benedict Financial Advisors Inc. trimmed its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,571 shares of the retailer’s stock after selling 2,036 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Wal-Mart Stores were worth $1,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hudock Capital Group LLC raised its holdings in shares of Wal-Mart Stores by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. Gemmer Asset Management LLC now owns 2,965 shares of the retailer’s stock worth $224,000 after acquiring an additional 10 shares in the last quarter. Sterneck Capital Management LLC raised its holdings in shares of Wal-Mart Stores by 0.3% during the first quarter. Sterneck Capital Management LLC now owns 6,588 shares of the retailer’s stock worth $475,000 after acquiring an additional 22 shares in the last quarter. LLBH Private Wealth Management LLC raised its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. LLBH Private Wealth Management LLC now owns 7,843 shares of the retailer’s stock worth $594,000 after acquiring an additional 24 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. raised its holdings in shares of Wal-Mart Stores by 0.3% during the second quarter. Edgemoor Investment Advisors Inc. now owns 7,654 shares of the retailer’s stock worth $579,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 30.58% of the company’s stock.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $99.16 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.19 and a current ratio of 0.81. The firm has a market capitalization of $293,450.00, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 3.62 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 released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $122.14 billion for the quarter, compared to the consensus estimate of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. equities research analysts predict that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.

Wal-Mart Stores announced that its board has authorized a share repurchase plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Several analysts recently issued reports on the company. Wells Fargo & Co set a $101.00 price objective on Wal-Mart Stores and gave the stock a “neutral” rating in a report on Wednesday. Vetr raised Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 price target on the stock in a research report on Monday, November 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $85.00 price target on shares of Wal-Mart Stores in a research report on Sunday, September 17th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of Wal-Mart Stores in a research report on Thursday, October 12th. Finally, Royal Bank of Canada raised Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 price target on the stock in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, twenty 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 a consensus rating of “Hold” and an average target price of $95.78.

In other Wal-Mart Stores news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $99.29, for a total transaction of $67,914.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,900,679 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.82, for a total value of $283,744,419.78. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $660,146,095.60. The disclosure for this sale can be found here. Insiders have sold 12,419,588 shares of company stock worth $1,207,333,538 over the last ninety days. Company insiders own 51.39% of the company’s stock.

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About Wal-Mart Stores

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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