Walmart Inc. (NYSE:WMT – Get Rating) major shareholder Alice L. Walton sold 600 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $150.02, for a total transaction of $90,012.00. Following the completion of the sale, the insider now directly owns 245,255,856 shares of the company’s stock, valued at approximately $36,793,283,517.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Walmart Stock Down 0.5 %
WMT opened at $147.63 on Thursday. Walmart Inc. has a twelve month low of $117.90 and a twelve month high of $154.64. The firm has a market cap of $398.21 billion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The business has a 50 day moving average price of $148.56 and a 200 day moving average price of $145.87. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.23 and a current ratio of 0.82.
Walmart (NYSE:WMT – Get Rating) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The company had revenue of $152.30 billion during the quarter, compared to analyst estimates of $147.91 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 6.21 EPS for the current year.
Walmart Announces Dividend
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Walmart by 1.4% in the third quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock valued at $16,883,890,000 after acquiring an additional 1,832,388 shares during the period. BlackRock Inc. grew its position in Walmart by 2.9% in the third quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock valued at $12,525,224,000 after acquiring an additional 2,712,886 shares during the period. State Street Corp grew its position in Walmart by 1.2% in the third quarter. State Street Corp now owns 60,659,193 shares of the retailer’s stock valued at $7,867,497,000 after acquiring an additional 701,415 shares during the period. Geode Capital Management LLC grew its position in Walmart by 1.0% in the first quarter. Geode Capital Management LLC now owns 25,104,994 shares of the retailer’s stock valued at $3,691,763,000 after acquiring an additional 249,501 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its position in Walmart by 112,181.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock valued at $3,240,599,000 after acquiring an additional 22,834,564 shares during the period. 31.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on WMT. KeyCorp upped their price target on shares of Walmart from $170.00 to $175.00 in a research note on Tuesday, April 25th. The Goldman Sachs Group set a $164.00 target price on shares of Walmart in a research report on Wednesday, February 22nd. 92 Resources restated a “maintains” rating on shares of Walmart in a research report on Monday. Credit Suisse Group set a $170.00 price objective on shares of Walmart and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $164.00 to $169.00 in a research note on Wednesday, February 22nd. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $166.13.
Walmart Company Profile
Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
- Get a free copy of the StockNews.com research report on Walmart (WMT)
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