Insider Selling: Walmart Inc. (NYSE:WMT) Major Shareholder Sells $68,249,898.80 in Stock

Walmart Inc. (NYSE:WMTGet Rating) major shareholder Alice L. Walton sold 455,060 shares of Walmart stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $149.98, for a total value of $68,249,898.80. Following the transaction, the insider now owns 245,256,456 shares in the company, valued at approximately $36,783,563,270.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Walmart Stock Down 1.0 %

WMT stock opened at $146.16 on Friday. The firm has a market cap of $394.24 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The business has a 50 day moving average of $148.72 and a 200 day moving average of $145.87. Walmart Inc. has a twelve month low of $117.90 and a twelve month high of $154.64. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.71.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.15. The company had revenue of $152.30 billion for the quarter, compared to the consensus estimate of $147.91 billion. Walmart had a return on equity of 21.30% and a net margin of 1.82%. Walmart’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. On average, research analysts forecast that Walmart Inc. will post 6.21 EPS for the current fiscal year.

Institutional Trading of Walmart

A number of large investors have recently modified their holdings of WMT. Empower Advisory Group LLC purchased a new stake in Walmart during the first quarter worth $120,222,000. Verity Asset Management Inc. increased its position in shares of Walmart by 0.8% in the 1st quarter. Verity Asset Management Inc. now owns 11,763 shares of the retailer’s stock valued at $1,734,000 after acquiring an additional 94 shares during the period. Old North State Trust LLC increased its position in shares of Walmart by 11.3% in the 1st quarter. Old North State Trust LLC now owns 5,726 shares of the retailer’s stock valued at $751,000 after acquiring an additional 582 shares during the period. 3Chopt Investment Partners LLC acquired a new position in shares of Walmart in the 1st quarter valued at $1,382,000. Finally, Front Row Advisors LLC increased its position in shares of Walmart by 0.5% in the 1st quarter. Front Row Advisors LLC now owns 12,822 shares of the retailer’s stock valued at $1,891,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 31.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WMT. Wells Fargo & Company boosted their target price on Walmart from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 6th. Erste Group Bank reiterated a “hold” rating on shares of Walmart in a research note on Tuesday, March 28th. Truist Financial upped their price objective on Walmart from $160.00 to $166.00 in a research note on Friday, May 19th. Gordon Haskett upgraded Walmart from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $155.00 to $165.00 in a research note on Wednesday, April 19th. Finally, BMO Capital Markets boosted their target price on Walmart from $165.00 to $170.00 in a report on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Walmart Company Profile

(Get Rating)

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 and other eCommerce brands.

See Also

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

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