Walmart Inc. (NYSE:WMT) Major Shareholder Sells $43,882,676.77 in Stock

Walmart Inc. (NYSE:WMT) major shareholder Jim C. Walton sold 307,927 shares of the business’s stock in a transaction dated Monday, September 20th. The shares were sold at an average price of $142.51, for a total transaction of $43,882,676.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Jim C. Walton also recently made the following trade(s):

  • On Thursday, September 2nd, Jim C. Walton sold 754,655 shares of Walmart stock. The shares were sold at an average price of $148.45, for a total transaction of $112,028,534.75.

NYSE:WMT traded down $0.33 during trading hours on Wednesday, hitting $142.69. 4,806,412 shares of the company were exchanged, compared to its average volume of 8,270,876. The stock has a market capitalization of $397.89 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 4.21 and a beta of 0.47. Walmart Inc. has a 52-week low of $126.28 and a 52-week high of $153.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.38. The company’s 50 day moving average price is $145.77 and its 200-day moving average price is $140.92.

Walmart (NYSE:WMT) last released its earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.21. The company had revenue of $141 billion for the quarter, compared to the consensus estimate of $136.07 billion. Walmart had a net margin of 1.78% and a return on equity of 20.22%. Walmart’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 EPS. On average, equities analysts predict that Walmart Inc. will post 6.3 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. Credit Suisse Group set a $166.00 price objective on shares of Walmart in a research report on Tuesday, August 24th. MKM Partners boosted their price target on shares of Walmart from $152.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, August 18th. Robert W. Baird boosted their price target on shares of Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 17th. Tigress Financial restated a “hold” rating and issued a $170.00 price target on shares of Walmart in a report on Friday, August 27th. Finally, Morgan Stanley restated a “buy” rating and issued a $170.00 price target on shares of Walmart in a report on Monday, August 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $167.59.

Several hedge funds have recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in shares of Walmart in the 2nd quarter valued at $155,000. Sunflower Bank N.A. purchased a new stake in shares of Walmart in the 2nd quarter valued at $511,000. BDO Wealth Advisors LLC boosted its holdings in shares of Walmart by 1.7% in the 2nd quarter. BDO Wealth Advisors LLC now owns 18,840 shares of the retailer’s stock valued at $2,657,000 after acquiring an additional 311 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in shares of Walmart by 5.0% in the 2nd quarter. GoalVest Advisory LLC now owns 7,761 shares of the retailer’s stock valued at $1,094,000 after acquiring an additional 367 shares during the last quarter. Finally, Sawtooth Solutions LLC boosted its holdings in shares of Walmart by 26.7% in the 2nd quarter. Sawtooth Solutions LLC now owns 12,202 shares of the retailer’s stock valued at $1,721,000 after acquiring an additional 2,575 shares during the last quarter. 30.22% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

Featured Article: When can a hold rating present a buying opportunity?

Insider Buying and Selling by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.