Walmart Inc (WMT) Major Shareholder Jim C. Walton Sells 1,626,851 Shares
Walmart Inc (NYSE:WMT) major shareholder Jim C. Walton sold 1,626,851 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $101.08, for a total transaction of $164,442,099.08. Following the completion of the transaction, the insider now owns 17,502,080 shares of the company’s stock, valued at approximately $1,769,110,246.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of WMT stock traded down $0.40 during trading hours on Tuesday, hitting $101.12. 6,707,582 shares of the company were exchanged, compared to its average volume of 7,103,534. The company has a market cap of $297.78 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 4.62 and a beta of 0.36. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $106.21. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.89.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, topping the consensus estimate of $1.02 by $0.11. The company had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Analysts anticipate that Walmart Inc will post 4.79 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in WMT. Vanguard Group Inc grew its position in shares of Walmart by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after buying an additional 1,110,593 shares during the period. Community Trust & Investment Co. grew its position in Walmart by 19.8% in the 4th quarter. Community Trust & Investment Co. now owns 117,014 shares of the retailer’s stock valued at $10,900,000 after purchasing an additional 19,343 shares during the period. Boston Advisors LLC grew its position in Walmart by 6.6% in the 4th quarter. Boston Advisors LLC now owns 84,247 shares of the retailer’s stock valued at $7,848,000 after purchasing an additional 5,229 shares during the period. Hayek Kallen Investment Management grew its position in Walmart by 0.3% in the 4th quarter. Hayek Kallen Investment Management now owns 49,338 shares of the retailer’s stock valued at $4,596,000 after purchasing an additional 165 shares during the period. Finally, Breiter Capital Management Inc. grew its position in Walmart by 6.0% in the 4th quarter. Breiter Capital Management Inc. now owns 8,947 shares of the retailer’s stock valued at $833,000 after purchasing an additional 507 shares during the period. 28.96% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the stock. DZ Bank reiterated a “neutral” rating on shares of Walmart in a report on Tuesday, February 19th. Guggenheim reiterated a “buy” rating and issued a $115.00 price objective on shares of Walmart in a report on Tuesday, February 19th. Barclays reiterated a “buy” rating and issued a $113.00 price objective on shares of Walmart in a report on Wednesday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $108.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Finally, KeyCorp raised their price objective on shares of Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $107.13.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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