Stoneridge Investment Partners LLC Has $360,000 Position in Wal-Mart Stores, Inc. (WMT)

Stoneridge Investment Partners LLC trimmed its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 27.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,612 shares of the retailer’s stock after selling 1,727 shares during the period. Stoneridge Investment Partners LLC’s holdings in Wal-Mart Stores were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Wal-Mart Stores by 0.4% during the second quarter. Vanguard Group Inc. now owns 105,673,654 shares of the retailer’s stock worth $7,997,381,000 after acquiring an additional 440,343 shares during the period. FMR LLC grew its holdings in 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 period. Dimensional Fund Advisors LP grew its holdings in Wal-Mart Stores by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 14,579,702 shares of the retailer’s stock worth $1,103,426,000 after acquiring an additional 580,373 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Wal-Mart Stores by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 9,263,738 shares of the retailer’s stock worth $701,080,000 after acquiring an additional 174,296 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Wal-Mart Stores by 7.4% during the second quarter. Ameriprise Financial Inc. now owns 8,874,416 shares of the retailer’s stock worth $671,623,000 after acquiring an additional 607,827 shares during the period. 30.58% of the stock is currently owned by hedge funds and other institutional investors.

In other news, major shareholder Alice L. Walton sold 2,900,679 shares of Wal-Mart Stores stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.82, for a total value of $283,744,419.78. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $660,146,095.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director S Robson Walton sold 826,617 shares of Wal-Mart Stores stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the sale, the director now directly owns 3,345,065 shares in the company, valued at $322,430,815.35. The disclosure for this sale can be found here. Insiders sold 12,419,588 shares of company stock worth $1,207,333,538 over the last ninety days. Corporate insiders own 51.39% of the company’s stock.

Several analysts recently commented on WMT shares. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, October 12th. Bank of America set a $100.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, October 10th. Citigroup raised Wal-Mart Stores from a “neutral” rating to a “buy” rating and raised their price objective for the company from $106.00 to $117.00 in a report on Tuesday, December 19th. Deutsche Bank set a $88.00 price objective on Wal-Mart Stores and gave the company a “hold” rating in a report on Thursday, November 16th. Finally, Jefferies Group set a $105.00 price objective on Wal-Mart Stores and gave the company a “buy” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $96.81.

Shares of Wal-Mart Stores, Inc. (NYSE:WMT) opened at $100.13 on Friday. 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 capitalization of $296,620.00, a P/E ratio of 26.63, a PEG ratio of 3.66 and a beta of 0.37. Wal-Mart Stores, Inc. has a 12 month low of $65.28 and a 12 month high of $100.38.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) 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 analyst estimates 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 revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. research analysts predict that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.

Wal-Mart Stores declared that its Board of Directors has approved a share buyback program on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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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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