Alice L. Walton Sells 415,526 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) major shareholder Alice L. Walton sold 415,526 shares of Walmart stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $140.52, for a total transaction of $58,389,713.52. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $948,310,461.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

NYSE WMT opened at $139.88 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.37. The stock’s 50 day simple moving average is $140.25. Walmart Inc. has a 12-month low of $117.01 and a 12-month high of $153.66. The firm has a market cap of $391.96 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, May 18th. The retailer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.48. The business had revenue of $138.30 billion for the quarter, compared to analysts’ expectations of $131.53 billion. Walmart had a return on equity of 19.92% and a net margin of 2.18%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. As a group, research analysts predict that Walmart Inc. will post 5.95 earnings per share for the current year.

Walmart announced that its board has authorized a share repurchase program on Thursday, February 18th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

WMT has been the topic of several recent research reports. UBS Group lifted their target price on shares of Walmart from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, May 19th. MKM Partners increased their price target on shares of Walmart from $141.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, May 25th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Monday, May 24th. Raymond James increased their price target on shares of Walmart from $155.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, May 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $165.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company. Walmart has a consensus rating of “Buy” and a consensus target price of $162.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Telos Capital Management Inc. grew its holdings in shares of Walmart by 81.8% in the 1st quarter. Telos Capital Management Inc. now owns 16,144 shares of the retailer’s stock worth $2,193,000 after acquiring an additional 7,265 shares during the period. Greenleaf Trust grew its holdings in shares of Walmart by 13.4% in the 1st quarter. Greenleaf Trust now owns 38,886 shares of the retailer’s stock worth $5,282,000 after acquiring an additional 4,602 shares during the period. Manning & Napier Group LLC grew its holdings in shares of Walmart by 3.8% in the 1st quarter. Manning & Napier Group LLC now owns 535,199 shares of the retailer’s stock worth $72,694,000 after acquiring an additional 19,672 shares during the period. Bank of Nova Scotia grew its holdings in shares of Walmart by 7.7% in the 1st quarter. Bank of Nova Scotia now owns 1,206,574 shares of the retailer’s stock worth $163,889,000 after acquiring an additional 86,702 shares during the period. Finally, ExodusPoint Capital Management LP grew its holdings in Walmart by 12.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 58,616 shares of the retailer’s stock valued at $8,449,000 after buying an additional 6,378 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

See Also: Return on Investment (ROI) Defined, Explained

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.