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 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.
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.
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