Raymond James Financial Services Advisors Inc. Increases Stake in Wal-Mart Stores, Inc. (WMT)

Raymond James Financial Services Advisors Inc. boosted its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 3.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 656,840 shares of the retailer’s stock after buying an additional 24,791 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Wal-Mart Stores were worth $51,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Winfield Associates Inc. raised its holdings in Wal-Mart Stores by 5.8% in the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in shares of Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock valued at $108,000 after acquiring an additional 45 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in shares of Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock valued at $115,000 after acquiring an additional 1,252 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock valued at $139,000 after acquiring an additional 7 shares during the last quarter. Finally, Kistler Tiffany Companies LLC boosted its holdings in shares of Wal-Mart Stores by 124.2% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock valued at $145,000 after acquiring an additional 1,058 shares during the last quarter. Institutional investors own 30.58% of the company’s stock.

A number of analysts have recently issued reports on WMT shares. Robert W. Baird set a $90.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 3rd. Goldman Sachs Group set a $87.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 3rd. KeyCorp reaffirmed a “buy” rating and set a $90.00 price target on shares of Wal-Mart Stores in a report on Tuesday, September 19th. Jefferies Group raised their price target on shares of Wal-Mart Stores from $93.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, Bank of America set a $100.00 price target on shares of Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $95.78.

Shares of Wal-Mart Stores, Inc. (WMT) opened at $99.16 on Wednesday. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13. The company has a market cap 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. 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 released its earnings results on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $120.23 billion. During the same quarter last year, the business earned $0.98 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. equities analysts forecast that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current year.

Wal-Mart Stores announced that its board has initiated a stock 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 buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other Wal-Mart Stores news, EVP John R. Furner sold 1,200 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 48,757 shares in the company, valued at approximately $4,841,082.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 2,065 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $96.99, for a total transaction of $200,284.35. Following the sale, the insider now owns 19,060 shares in the company, valued at approximately $1,848,629.40. 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 owned by company insiders.

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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.

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

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