K2 Principal Fund L.P. acquired a new position in shares of Wal-Mart Stores Inc (NYSE:WMT) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 23,200 shares of the retailer’s stock, valued at approximately $1,813,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMT. Vanguard Group Inc. lifted its stake in Wal-Mart Stores by 0.4% in the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock valued at $7,997,381,000 after buying an additional 440,343 shares during the last quarter. FMR LLC lifted its stake in Wal-Mart Stores by 45.3% in the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Wal-Mart Stores by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock valued at $1,103,426,000 after buying an additional 580,373 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Wal-Mart Stores by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock valued at $701,080,000 after buying an additional 174,296 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Wal-Mart Stores by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 8,919,633 shares of the retailer’s stock valued at $696,979,000 after buying an additional 45,217 shares during the last quarter. Hedge funds and other institutional investors own 30.53% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Sunday. Macquarie set a $85.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a report on Thursday, January 18th. Goldman Sachs Group raised Wal-Mart Stores from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Stephens set a $117.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Vetr raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $104.38 price target on the stock in a report on Wednesday, January 10th. Nineteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $99.44.

In related news, SVP David Chojnowski sold 684 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $67,914.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 1,200 shares of Wal-Mart Stores stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $99.29, for a total value of $119,148.00. Following the completion of the transaction, the executive vice president now directly owns 48,757 shares in the company, valued at approximately $4,841,082.53. The disclosure for this sale can be found here. Insiders sold a total of 12,419,588 shares of company stock worth $1,207,333,538 in the last three months. 51.39% of the stock is currently owned by company insiders.

Wal-Mart Stores Inc (WMT) opened at $105.45 on Tuesday. The stock has a market capitalization of $312,380.00, a PE ratio of 28.05, a P/E/G ratio of 4.14 and a beta of 0.37. Wal-Mart Stores Inc has a fifty-two week low of $65.28 and a fifty-two week high of $105.45. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion for the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. Wal-Mart Stores’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. analysts anticipate that Wal-Mart Stores Inc will post 4.44 EPS for the current year.

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

COPYRIGHT VIOLATION WARNING: This news story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://theolympiareport.com/2018/01/23/k2-principal-fund-l-p-invests-1-81-million-in-wal-mart-stores-inc-wmt-stock.html.

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.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores and related companies with MarketBeat.com's FREE daily email newsletter.