Insider Selling: Walmart Inc. (NYSE:WMT) Major Shareholder Sells $28,139,952.00 in Stock

Walmart Inc. (NYSE:WMT) major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares in the company, valued at approximately $47,262,194,181.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

S Robson Walton also recently made the following trade(s):

• On Tuesday, September 17th, S Robson Walton sold 1,804,000 shares of Walmart stock. The shares were sold at an average price of $79.18, for a total value of $142,840,720.00.
• On Monday, September 9th, S Robson Walton sold 4,057,369 shares of Walmart stock. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80.

Walmart Stock Performance

NYSE WMT opened at $79.06 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $635.92 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The business’s 50-day moving average price is $73.44 and its 200 day moving average price is $66.83. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.02.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Institutional Trading of Walmart

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Able Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $32,000. Tidemark LLC acquired a new stake in Walmart during the 4th quarter worth approximately $37,000. Frank Rimerman Advisors LLC acquired a new position in Walmart during the fourth quarter valued at approximately $48,000. Finally, EntryPoint Capital LLC acquired a new position in Walmart during the first quarter valued at approximately $25,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the topic of a number of recent analyst reports. Oppenheimer upped their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Bank of America upped their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Morgan Stanley lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Truist Financial upped their price target on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group lifted their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.99.

Walmart Company Profile

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.