New York State Common Retirement Fund Sells 6,650 Shares of Wal-Mart Stores, Inc. (WMT)

New York State Common Retirement Fund trimmed its position in shares of Wal-Mart Stores, Inc. (NYSE:WMT) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,616,698 shares of the retailer’s stock after selling 6,650 shares during the period. New York State Common Retirement Fund’s holdings in Wal-Mart Stores were worth $360,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. FMR LLC raised its holdings in shares of Wal-Mart Stores by 45.3% during the 2nd 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 in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Wal-Mart Stores by 42.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock worth $434,819,000 after acquiring an additional 1,716,422 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Wal-Mart Stores by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock worth $369,565,000 after acquiring an additional 1,689,364 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Wal-Mart Stores by 100.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,646,589 shares of the retailer’s stock worth $200,294,000 after acquiring an additional 1,324,722 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in shares of Wal-Mart Stores by 128.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 2,058,798 shares of the retailer’s stock worth $160,874,000 after acquiring an additional 1,158,519 shares in the last quarter. 30.58% of the stock is currently owned by institutional investors and hedge funds.

In other Wal-Mart Stores news, major shareholder Alice L. Walton sold 1,002,210 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $96.23, for a total value of $96,442,668.30. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $649,415,853.40. 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 the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $96.39, for a total value of $79,677,612.63. Following the completion of the transaction, the director now directly owns 3,345,065 shares in the company, valued at approximately $322,430,815.35. 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 ninety days. 51.39% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on the company. Goldman Sachs Group cut Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating and set a $90.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, September 19th. Zacks Investment Research downgraded Wal-Mart Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Barclays reissued a “buy” rating and set a $110.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $84.00 target price (up previously from $80.00) on shares of Wal-Mart Stores in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $97.09.

Wal-Mart Stores, Inc. (NYSE WMT) opened at $100.02 on Friday. The company has a market capitalization of $296,300.00, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.69 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.19. Wal-Mart Stores, Inc. has a 12-month low of $65.28 and a 12-month high of $102.35.

Wal-Mart Stores (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $122.14 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. equities research analysts expect that Wal-Mart Stores, Inc. will post 4.43 earnings per share for the current fiscal year.

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

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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.

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

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