Will Wal-Mart’s HUGE Institutional Investors Ride Shares to $70 After Legal Relief?

So far in 2012, Wal-Mart Stores (NYSE:WMT) shares are up 13.96 percent. On Friday, a U.S. judge said he was “seriously concerned” about whether women suing the company had adequate evidence to continue with their refiled gender discrimination lawsuit. This came after they reformatted it in October and said they would limit the allegations to California. The the suit had been previously knocked down by the Supreme Court in 2011.

Plaintiffs have alleged that the retailer denied them pay raises and promotions due to their gender.

With the likelihood of the case not moving forward, will Wal-Mart’s largest shareholders increase their holdings? 1169 institutional firms indicated owning shares of Wal-Mart Stores Inc. (NYSE:WMT) in Q1 2012. These firms reported owning a total of 841.796 million shares on 03/31/2012 . The shares closed at $60.79 on 03/31/2012.

Here are the ten largest positions in Wal-Mart Stores Inc. at the end of March 31st, 2012.

Vanguard Group Inc held 86,994,544 shares on 03/31/2012 worth $5,324,066,159.

State Street Corp held 80,838,314 shares on 03/31/2012 worth $4,947,304,878.

Blackrock Institutional Trust Company N.A. held 45,694,460 shares on 03/31/2012 worth $2,796,500,987.

Bank of New York Mellon Corp held 30,440,941 shares on 03/31/2012 worth $1,862,985,612.

Dodge & Cox held 22,941,749 shares on 03/31/2012 worth $1,404,035,056.

FMR LLC held 19,775,250 shares on 03/31/2012 worth $1,210,245,315.

Grantham Mayo Van Otterloo & Co. LLC held 16,955,252 shares on 03/31/2012 worth $1,037,661,435.

Blackrock Group Ltd held 16,806,607 shares on 03/31/2012 worth $1,028,564,361.

State Farm Mutual Automobile Insurance Co held 16,800,850 shares on 03/31/2012 worth $1,028,212,033.

Lazard Asset Management LLC held 16,762,916 shares on 03/31/2012 worth $1,025,890,472.

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