Walmart Inc (NYSE:WMT) major shareholder Jim C. Walton sold 820,736 shares of Walmart stock in a transaction on Monday, May 20th. The stock was sold at an average price of $101.45, for a total transaction of $83,263,667.20. Following the sale, the insider now directly owns 17,502,080 shares in the company, valued at approximately $1,775,586,016. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
NYSE WMT opened at $108.82 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $308.14 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 4.73 and a beta of 0.36. Walmart Inc has a 12-month low of $82.37 and a 12-month high of $108.97.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc will post 4.82 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after purchasing an additional 1,110,593 shares in the last quarter. FMR LLC grew its stake in Walmart by 0.4% during the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after acquiring an additional 90,683 shares in the last quarter. Geode Capital Management LLC grew its stake in Walmart by 7.8% during the first quarter. Geode Capital Management LLC now owns 19,557,533 shares of the retailer’s stock valued at $1,904,041,000 after acquiring an additional 1,408,914 shares in the last quarter. Northern Trust Corp grew its stake in Walmart by 0.3% during the first quarter. Northern Trust Corp now owns 17,655,254 shares of the retailer’s stock valued at $1,721,917,000 after acquiring an additional 56,476 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Walmart by 2,899.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after purchasing an additional 14,058,442 shares during the last quarter. Institutional investors own 29.79% of the company’s stock.
Several research analysts have recently weighed in on WMT shares. DZ Bank reissued a “neutral” rating on shares of Walmart in a research report on Tuesday, February 19th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price target on shares of Walmart in a research report on Tuesday, February 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $108.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price objective (up previously from $113.00) on shares of Walmart in a report on Wednesday, February 20th. Finally, KeyCorp increased their price objective on Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $108.26.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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