Northstar Investment Advisors LLC cut its position in Wal-Mart Stores, Inc. (NYSE:WMT) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,074 shares of the retailer’s stock after selling 2,202 shares during the quarter. Northstar Investment Advisors LLC’s holdings in Wal-Mart Stores were worth $8,757,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WMT. FMR LLC grew its stake in shares of Wal-Mart Stores by 45.3% during the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock worth $1,360,906,000 after acquiring an additional 5,608,785 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Wal-Mart Stores by 42.6% during the second quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock worth $434,819,000 after acquiring an additional 1,716,422 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Wal-Mart Stores by 52.9% during the second quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock worth $369,565,000 after acquiring an additional 1,689,364 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Wal-Mart Stores by 100.2% during the second quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock worth $200,294,000 after acquiring an additional 1,324,722 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in Wal-Mart Stores by 128.7% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock valued at $160,874,000 after buying an additional 1,158,519 shares during the last quarter. Institutional investors and hedge funds own 30.58% of the company’s stock.

In related news, major shareholder Alice L. Walton sold 1,002,210 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $96.23, for a total value of $96,442,668.30. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $649,415,853.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 684 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $99.29, for a total value of $67,914.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,419,588 shares of company stock valued at $1,207,333,538. Corporate insiders own 51.39% of the company’s stock.

Wal-Mart Stores, Inc. (WMT) opened at $104.30 on Friday. 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 $308,980.00, a P/E ratio of 27.74, a PEG ratio of 4.06 and a beta of 0.37. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $104.94.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $122.14 billion during 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 business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. research analysts anticipate that Wal-Mart Stores, Inc. will post 4.44 earnings per share for the current year.

Wal-Mart Stores declared that its board has approved a stock buyback plan on Tuesday, October 10th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

A number of equities research analysts recently commented on the company. Stephens set a $117.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday. Macquarie set a $85.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Thursday. Goldman Sachs Group set a $115.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a research report on Tuesday. Zacks Investment Research upgraded Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Saturday, January 13th. Finally, Vetr upgraded Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price on the stock in a research report on Monday, November 27th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $99.44.

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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.

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

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