Alice L. Walton Sells 1,132,123 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMTGet Free Report) major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.54 during midday trading on Friday, hitting $65.38. 11,658,584 shares of the stock traded hands, compared to its average volume of 18,698,928. The firm has a 50-day moving average of $60.64 and a two-hundred day moving average of $56.77. The firm has a market capitalization of $526.84 billion, a P/E ratio of 28.00, a PEG ratio of 3.77 and a beta of 0.49. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a one year low of $48.34 and a one year high of $65.69.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.2075 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.27%. Walmart’s payout ratio is 35.52%.

Hedge Funds Weigh In On Walmart

Several hedge funds and other institutional investors have recently modified their holdings of WMT. Vanguard Group Inc. raised its holdings in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Norges Bank bought a new position in Walmart in the 4th quarter worth $3,674,652,000. Bank of New York Mellon Corp raised its holdings in Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the period. Finally, Raymond James & Associates raised its holdings in Walmart by 212.6% in the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after purchasing an additional 9,544,958 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Citigroup boosted their target price on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group upped their price target on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Raymond James upped their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Jefferies Financial Group upped their price target on Walmart from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, KeyCorp upped their price target on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.01.

Check Out Our Latest Research Report on WMT

Walmart Company Profile

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

Further Reading

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

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