Insider Selling: Walmart Inc. (NYSE:WMT) Major Shareholder Sells 307,927 Shares of Stock

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

Shares of WMT stock opened at $142.77 on Friday. The business’s 50 day moving average is $145.82 and its two-hundred day moving average is $141.02. Walmart Inc. has a 12-month low of $126.28 and a 12-month high of $153.66. The company has a market capitalization of $398.11 billion, a P/E ratio of 40.22, a P/E/G ratio of 4.21 and a beta of 0.47. The company has a current ratio of 0.96, a quick ratio of 0.38 and a debt-to-equity ratio of 0.50.

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

Institutional investors have recently bought and sold shares of the business. Paragon Wealth Strategies LLC acquired a new stake in shares of Walmart during the second quarter worth about $31,000. Atlantic Trust LLC purchased a new stake in Walmart in the 2nd quarter valued at approximately $40,000. ShoreHaven Wealth Partners LLC boosted its holdings in Walmart by 70.1% in the 1st quarter. ShoreHaven Wealth Partners LLC now owns 342 shares of the retailer’s stock valued at $46,000 after purchasing an additional 141 shares in the last quarter. Freedman Financial Associates Inc. boosted its stake in shares of Walmart by 40.0% during the 2nd quarter. Freedman Financial Associates Inc. now owns 350 shares of the retailer’s stock worth $49,000 after acquiring an additional 100 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Walmart during the 2nd quarter worth approximately $52,000. Institutional investors own 30.22% of the company’s stock.

Several research firms have issued reports on WMT. Telsey Advisory Group upped their price target on shares of Walmart from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 18th. Wells Fargo & Company upgraded shares of Walmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $165.00 in a research note on Thursday, August 5th. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $158.00 price target on the stock. in a research note on Wednesday, August 18th. UBS Group raised their price objective on shares of Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, August 18th. Finally, Morgan Stanley restated a “buy” rating and set a $170.00 price target on shares of Walmart in a report on Monday, August 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $168.17.

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.

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

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