Middleton & Co Inc MA Cuts Stake in Wal-Mart Stores, Inc. (NYSE:WMT)

Middleton & Co Inc MA decreased its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,574 shares of the retailer’s stock after selling 400 shares during the period. Middleton & Co Inc MA’s holdings in Wal-Mart Stores were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ropes Wealth Advisors LLC raised its stake in Wal-Mart Stores by 4.6% in the first quarter. Ropes Wealth Advisors LLC now owns 23,573 shares of the retailer’s stock valued at $1,699,000 after buying an additional 1,039 shares during the last quarter. Fred Alger Management Inc. raised its stake in Wal-Mart Stores by 2.1% in the fourth quarter. Fred Alger Management Inc. now owns 29,172 shares of the retailer’s stock worth $2,016,000 after buying an additional 599 shares during the last quarter. Security National Bank of SO Dak raised its stake in Wal-Mart Stores by 2.6% in the first quarter. Security National Bank of SO Dak now owns 15,305 shares of the retailer’s stock worth $1,103,000 after buying an additional 386 shares during the last quarter. First Personal Financial Services raised its stake in Wal-Mart Stores by 5.0% in the first quarter. First Personal Financial Services now owns 72,719 shares of the retailer’s stock worth $5,242,000 after buying an additional 3,434 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Wal-Mart Stores by 4.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 809,413 shares of the retailer’s stock worth $58,342,000 after buying an additional 31,436 shares during the last quarter. 30.00% of the stock is owned by hedge funds and other institutional investors.

Wal-Mart Stores, Inc. (NYSE:WMT) traded down 0.49% during trading on Friday, reaching $79.31. The company’s stock had a trading volume of 9,752,957 shares. The stock has a market cap of $238.56 billion, a PE ratio of 19.06 and a beta of 0.29. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $81.99. The company’s 50-day moving average is $78.09 and its 200-day moving average is $74.64.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $123.40 billion for the quarter, compared to analysts’ expectations of $121.86 billion. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. Wal-Mart Stores’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 earnings per share. Equities analysts expect that Wal-Mart Stores, Inc. will post $4.38 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. UBS AG reiterated a “neutral” rating and set a $80.00 price objective (up from $73.00) on shares of Wal-Mart Stores in a research note on Sunday, May 21st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $90.00 price objective on shares of Wal-Mart Stores in a research note on Friday. BidaskClub upgraded shares of Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Wal-Mart Stores in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $80.13.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 2,576,324 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $78.65, for a total value of $202,627,882.60. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $530,775,817. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David Cheesewright sold 25,729 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $76.65, for a total value of $1,972,127.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,001,578 shares of company stock worth $1,815,723,535. 51.39% of the stock is owned by insiders.

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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