Insider Selling: Walmart Inc (WMT) Major Shareholder Sells 706,769 Shares of Stock

Walmart Inc (NYSE:WMT) major shareholder Jim C. Walton sold 706,769 shares of Walmart stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $94.27, for a total transaction of $66,627,113.63. Following the completion of the sale, the insider now owns 10,557,224 shares of the company’s stock, valued at $995,229,506.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of NYSE:WMT opened at $94.17 on Friday. Walmart Inc has a 52 week low of $81.78 and a 52 week high of $109.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81. The firm has a market capitalization of $278.94 billion, a PE ratio of 21.31, a PEG ratio of 3.84 and a beta of 0.35.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The company had revenue of $124.89 billion for the quarter, compared to the consensus estimate of $124.86 billion. On average, sell-side analysts forecast that Walmart Inc will post 4.81 EPS for the current year.

A number of analysts have issued reports on WMT shares. Goldman Sachs Group reiterated a “neutral” rating and issued a $100.00 target price on shares of Walmart in a research note on Wednesday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of Walmart to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. Credit Suisse Group set a $103.00 price objective on shares of Walmart and gave the stock a “hold” rating in a research note on Thursday, November 15th. MKM Partners reduced their price objective on shares of Walmart from $107.00 to $105.00 in a research note on Monday, October 22nd. Finally, UBS Group boosted their price objective on shares of Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, August 17th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Walmart presently has an average rating of “Hold” and an average price target of $104.04.

A number of hedge funds and other institutional investors have recently modified their holdings of WMT. CSat Investment Advisory L.P. acquired a new position in Walmart during the 2nd quarter worth about $111,000. Amussen Hunsaker Associates LLC acquired a new position in Walmart during the 2nd quarter worth about $152,000. ELM Advisors LLC acquired a new position in Walmart during the 3rd quarter worth about $152,000. Berman Capital Advisors LLC acquired a new position in Walmart during the 3rd quarter worth about $158,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Walmart during the 3rd quarter worth about $162,000. Institutional investors and hedge funds own 29.09% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by WKRB News and is owned by of WKRB News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.wkrb13.com/2018/11/23/insider-selling-walmart-inc-wmt-major-shareholder-sells-706769-shares-of-stock.html.

About Walmart

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Read More: What are the components of an earnings report?

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

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply