Wal-Mart Stores, Inc. (WMT) Position Maintained by Pineno Levin & Ford Asset Management Inc.

Pineno Levin & Ford Asset Management Inc. maintained its stake in shares of Wal-Mart Stores, Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,011 shares of the retailer’s stock at the end of the 2nd quarter. Pineno Levin & Ford Asset Management Inc.’s holdings in Wal-Mart Stores were worth $304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Winfield Associates Inc. boosted its position in shares of Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after buying an additional 75 shares during the period. TrimTabs Asset Management LLC boosted its position in shares of Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after buying an additional 696 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after buying an additional 45 shares during the period. Kistler Tiffany Companies LLC boosted its position in shares of Wal-Mart Stores by 124.2% in the second quarter. Kistler Tiffany Companies LLC now owns 1,910 shares of the retailer’s stock worth $145,000 after buying an additional 1,058 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in shares of Wal-Mart Stores by 75.2% in the first quarter. SRS Capital Advisors Inc. now owns 2,099 shares of the retailer’s stock worth $151,000 after buying an additional 901 shares during the period. 30.19% of the stock is owned by institutional investors.

In related news, major shareholder Jim C. Walton sold 775,958 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $80.24, for a total value of $62,262,869.92. Following the completion of the transaction, the insider now owns 10,507,224 shares in the company, valued at approximately $843,099,653.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 129,628 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $80.44, for a total transaction of $10,427,276.32. Following the completion of the transaction, the director now owns 3,344,956 shares of the company’s stock, valued at approximately $269,068,260.64. The disclosure for this sale can be found here. Insiders sold 9,924,828 shares of company stock valued at $785,676,492 in the last quarter. 51.39% of the stock is currently owned by corporate insiders.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at 86.10 on Friday. The company has a 50-day moving average price of $79.80 and a 200 day moving average price of $77.45. The firm has a market capitalization of $257.20 billion, a PE ratio of 20.69 and a beta of 0.29. Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $86.37.

Wal-Mart Stores (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Wal-Mart Stores had a net margin of 2.60% and a return on equity of 16.87%. The company had revenue of $123.40 billion during the quarter, compared to analysts’ expectations of $121.86 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. Wal-Mart Stores’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.

Wal-Mart Stores declared that its board has authorized a stock repurchase program on Tuesday, October 10th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have recently weighed in on WMT shares. Goldman Sachs Group, Inc. (The) set a $84.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC set a $88.00 target price on Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on Wal-Mart Stores and gave the stock a “sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Wal-Mart Stores in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $83.11.

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Wal-Mart Stores 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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