Insider Selling: Walmart Inc. (NYSE:WMT) Major Shareholder Sells $2,736,653.46 in Stock

Walmart Inc. (NYSE:WMT) major shareholder Alice L. Walton sold 40,974 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Walmart Price Performance

Shares of NYSE WMT opened at $67.04 on Friday. The stock has a market cap of $539.24 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.83 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a fifty day moving average of $62.47 and a 200-day moving average of $58.15. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $67.57.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the firm earned $0.49 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WMT. DA Davidson raised their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Telsey Advisory Group lifted their target price on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. HSBC raised their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays upped their target price on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, KeyCorp upped their price objective on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently bought and sold shares of WMT. EntryPoint Capital LLC bought a new stake in Walmart in the 1st quarter worth $25,000. Northwest Capital Management Inc raised its position in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC purchased a new position in shares of Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart in the fourth quarter worth $32,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.