Walmart Inc (NYSE:WMT) major shareholder Jim C. Walton sold 592,155 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $84.64, for a total value of $50,119,999.20. Following the completion of the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at $889,331,439.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Walmart traded down $0.30, reaching $83.79, during mid-day trading on Thursday, MarketBeat.com reports. 7,515,897 shares of the company’s stock were exchanged, compared to its average volume of 10,712,189. The company has a market capitalization of $249.73 billion, a P/E ratio of 18.96, a P/E/G ratio of 2.58 and a beta of 0.53. The company has a current ratio of 0.73, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. Walmart Inc has a 12-month low of $73.13 and a 12-month high of $109.98.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The company had revenue of $122.69 billion for the quarter, compared to the consensus estimate of $119.29 billion. Walmart had a return on equity of 17.16% and a net margin of 1.77%. Walmart’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. research analysts predict that Walmart Inc will post 4.86 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on WMT. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Wednesday, February 21st. Goldman Sachs Group reissued a “buy” rating and issued a $113.00 price objective on shares of Walmart in a report on Friday, February 16th. Bank of America set a $120.00 price objective on Walmart and gave the company a “buy” rating in a report on Tuesday, February 20th. Royal Bank of Canada cut their price objective on Walmart to $168.00 and set a “market perform” rating on the stock in a report on Thursday, May 10th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $105.00 price objective (down from $110.00) on shares of Walmart in a report on Tuesday, February 20th. Nineteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $96.56.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Walmart in the fourth quarter valued at approximately $105,000. Lenox Wealth Advisors Inc. lifted its position in shares of Walmart by 13,287.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after acquiring an additional 1,063 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in shares of Walmart by 106.0% in the first quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after acquiring an additional 618 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of Walmart in the fourth quarter valued at approximately $123,000. Finally, Cerebellum GP LLC purchased a new position in shares of Walmart in the fourth quarter valued at approximately $127,000. Institutional investors and hedge funds own 29.71% of the company’s stock.
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, 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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