Optimum Investment Advisors raised its holdings in shares of Wal-Mart Stores Inc (NYSE:WMT) by 11.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,746 shares of the retailer’s stock after purchasing an additional 2,032 shares during the quarter. Optimum Investment Advisors’ holdings in Wal-Mart Stores were worth $1,543,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its position in shares of Wal-Mart Stores by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,046,818 shares of the retailer’s stock valued at $81,798,000 after acquiring an additional 3,633 shares in the last quarter. Truepoint Inc. lifted its position in shares of Wal-Mart Stores by 6,861.5% in the 3rd quarter. Truepoint Inc. now owns 280,757 shares of the retailer’s stock valued at $281,000 after acquiring an additional 276,724 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its position in shares of Wal-Mart Stores by 28.1% in the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 7,728 shares of the retailer’s stock valued at $604,000 after acquiring an additional 1,696 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of Wal-Mart Stores by 9.1% in the 3rd quarter. Archford Capital Strategies LLC now owns 52,594 shares of the retailer’s stock valued at $4,110,000 after acquiring an additional 4,394 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Wal-Mart Stores in the 3rd quarter valued at approximately $658,000. Hedge funds and other institutional investors own 30.62% of the company’s stock.

In other news, EVP John R. Furner sold 1,200 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 transaction 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 SEC, which is accessible through the SEC website. Also, insider Gregory S. Foran sold 52,793 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $96.86, for a total transaction of $5,113,529.98. Following the transaction, the insider now owns 121,457 shares in the company, valued at approximately $11,764,325.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,419,588 shares of company stock worth $1,207,333,538. 51.39% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on WMT shares. Jefferies Group set a $105.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Tuesday, November 14th. KeyCorp set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, November 13th. Barclays set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Wednesday, October 18th. Finally, Cowen restated a “buy” rating and issued a $110.00 price target on shares of Wal-Mart Stores in a research report on Wednesday, November 22nd. Seventeen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $100.30.

Shares of Wal-Mart Stores Inc (NYSE:WMT) opened at $99.37 on Monday. Wal-Mart Stores Inc has a 12-month low of $67.56 and a 12-month high of $109.98. 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 stock has a market cap of $294,370.00, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 3.55 and a beta of 0.42.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $122.14 billion for the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the prior year, the business posted $0.98 EPS. Wal-Mart Stores’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts expect that Wal-Mart Stores Inc will post 4.44 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Optimum Investment Advisors Raises Position in Wal-Mart Stores Inc (WMT)” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://theolympiareport.com/2018/02/12/optimum-investment-advisors-raises-position-in-wal-mart-stores-inc-wmt.html.

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.

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.