Wal-Mart Stores, Inc. (WMT) Stake Lowered by Budros Ruhlin & Roe Inc.

Budros Ruhlin & Roe Inc. cut its stake in Wal-Mart Stores, Inc. (NYSE:WMT) by 4.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 17,565 shares of the retailer’s stock after selling 782 shares during the period. Budros Ruhlin & Roe Inc.’s holdings in Wal-Mart Stores were worth $1,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kempner Capital Management Inc. boosted its position in shares of Wal-Mart Stores by 8.5% in the first quarter. Kempner Capital Management Inc. now owns 31,748 shares of the retailer’s stock valued at $2,288,000 after buying an additional 2,475 shares during the last quarter. First American Bank boosted its position in shares of Wal-Mart Stores by 2.5% in the first quarter. First American Bank now owns 51,253 shares of the retailer’s stock valued at $3,694,000 after buying an additional 1,226 shares during the last quarter. First PREMIER Bank boosted its position in shares of Wal-Mart Stores by 14.8% in the first quarter. First PREMIER Bank now owns 8,928 shares of the retailer’s stock valued at $643,000 after buying an additional 1,151 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Wal-Mart Stores by 0.6% in the first quarter. Capstone Asset Management Co. now owns 278,520 shares of the retailer’s stock valued at $20,076,000 after buying an additional 1,688 shares during the last quarter. Finally, Adirondack Trust Co. boosted its position in shares of Wal-Mart Stores by 4.1% in the first quarter. Adirondack Trust Co. now owns 5,942 shares of the retailer’s stock valued at $428,000 after buying an additional 235 shares during the last quarter. Institutional investors own 30.00% of the company’s stock.

Wal-Mart Stores, Inc. (NYSE:WMT) traded up 0.37% during trading on Friday, reaching $78.63. The company’s stock had a trading volume of 9,902,189 shares. 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 $78.55 and its 200-day moving average is $75.09. The stock has a market cap of $236.52 billion, a PE ratio of 18.89 and a beta of 0.29.

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

ILLEGAL ACTIVITY WARNING: This piece was originally posted by [[site]] and is the property of of [[site]]. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at [[permalink]].

Several analysts recently commented on WMT shares. Pacific Crest cut shares of Wal-Mart Stores to a “hold” rating in a report on Sunday, April 30th. Royal Bank Of Canada restated a “sell” rating and set a $67.00 price target on shares of Wal-Mart Stores in a report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $74.00 price target on shares of Wal-Mart Stores in a report on Friday, May 5th. Vetr cut shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $79.40 price target for the company. in a report on Monday, May 8th. Finally, Deutsche Bank AG raised their price target on shares of Wal-Mart Stores from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.25.

In other news, insider David Cheesewright sold 25,729 shares of the firm’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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 1,455,636 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $78.34, for a total value of $114,034,524.24. Following the completion of the transaction, the insider now owns 10,507,224 shares in the company, valued at $823,135,928.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,228,588 shares of company stock worth $1,287,662,056. Company insiders own 51.39% of the company’s stock.

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.