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.
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.
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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