Insider Selling: Walmart Inc. (NYSE:WMT) Director Sells $50,596,011.76 in Stock

Walmart Inc. (NYSE:WMT) Director S Robson Walton sold 356,888 shares of Walmart stock in a transaction dated Friday, June 4th. The stock was sold at an average price of $141.77, for a total transaction of $50,596,011.76. Following the completion of the sale, the director now owns 3,217,347 shares of the company’s stock, valued at approximately $456,123,284.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

S Robson Walton also recently made the following trade(s):

  • On Monday, June 7th, S Robson Walton sold 455,954 shares of Walmart stock. The stock was sold at an average price of $140.89, for a total transaction of $64,239,359.06.
  • On Thursday, May 27th, S Robson Walton sold 703,238 shares of Walmart stock. The stock was sold at an average price of $142.55, for a total transaction of $100,246,576.90.
  • On Tuesday, May 25th, S Robson Walton sold 1,338,879 shares of Walmart stock. The stock was sold at an average price of $142.17, for a total transaction of $190,348,427.43.
  • On Friday, May 21st, S Robson Walton sold 518,839 shares of Walmart stock. The stock was sold at an average price of $142.19, for a total transaction of $73,773,717.41.
  • On Wednesday, May 19th, S Robson Walton sold 584,625 shares of Walmart stock. The stock was sold at an average price of $141.97, for a total transaction of $82,999,211.25.
  • On Friday, March 19th, S Robson Walton sold 410,115 shares of Walmart stock. The stock was sold at an average price of $131.54, for a total transaction of $53,946,527.10.
  • On Wednesday, March 17th, S Robson Walton sold 483,836 shares of Walmart stock. The stock was sold at an average price of $132.40, for a total transaction of $64,059,886.40.

NYSE:WMT opened at $139.88 on Friday. The stock’s 50 day simple moving average is $140.25. The company has a current ratio of 0.95, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52. Walmart Inc. has a one year low of $117.01 and a one year high of $153.66. The firm has a market cap of $391.96 billion, a P/E ratio of 32.53, a PEG ratio of 4.33 and a beta of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, May 18th. The retailer reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.48. The firm had revenue of $138.30 billion for the quarter, compared to the consensus estimate of $131.53 billion. Walmart had a net margin of 2.18% and a return on equity of 19.92%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 EPS. On average, equities analysts predict that Walmart Inc. will post 5.95 earnings per share for the current fiscal year.

Walmart declared that its Board of Directors has initiated a share buyback program on Thursday, February 18th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Greenhouse Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $26,000. Albion Financial Group UT acquired a new position in shares of Walmart in the 4th quarter worth approximately $27,000. ShoreHaven Wealth Partners LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $29,000. Perennial Advisors LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Clark Estates Inc. NY acquired a new position in shares of Walmart in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Several equities analysts have commented on WMT shares. Credit Suisse Group started coverage on shares of Walmart in a report on Wednesday, May 19th. They issued an “outperform” rating and a $150.00 target price on the stock. MKM Partners raised their target price on shares of Walmart from $141.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, May 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $170.00 target price on shares of Walmart in a report on Tuesday, May 18th. Citigroup raised their target price on shares of Walmart from $172.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 19th. Finally, UBS Group raised their target price on shares of Walmart from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, May 19th. One research 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 an average rating of “Buy” and a consensus target price of $162.20.

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.

Further Reading: Equal Weight Rating

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

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