Walmart Inc (NYSE:WMT) Major Shareholder Jim C. Walton Sells 1,014,826 Shares

Walmart Inc (NYSE:WMT) major shareholder Jim C. Walton sold 1,014,826 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the transaction, the insider now owns 17,502,080 shares in the company, valued at $1,843,494,086.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

WMT traded up $0.13 during midday trading on Monday, hitting $110.62. The company had a trading volume of 5,512,408 shares, compared to its average volume of 6,894,193. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. The company has a market capitalization of $318.47 billion, a P/E ratio of 22.53, a PEG ratio of 4.83 and a beta of 0.41. Walmart Inc has a twelve month low of $83.40 and a twelve month high of $112.22. The firm has a 50-day moving average price of $105.65.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to analysts’ expectations of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. On average, research analysts anticipate that Walmart Inc will post 4.83 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc grew its position in shares of Walmart by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after buying an additional 1,110,593 shares during the period. FMR LLC lifted its stake in Walmart by 0.4% in the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after buying an additional 90,683 shares in the last quarter. Geode Capital Management LLC lifted its stake in Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after buying an additional 1,532,362 shares in the last quarter. Northern Trust Corp lifted its stake in Walmart by 1.8% in the fourth quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock valued at $1,639,326,000 after buying an additional 310,609 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Walmart by 2,899.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after buying an additional 14,058,442 shares in the last quarter. Institutional investors own 29.89% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Wednesday, May 22nd. Daiwa Capital Markets raised shares of Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. UBS Group boosted their price objective on shares of Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Wolfe Research cut shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Finally, Deutsche Bank upped their target price on shares of Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $108.47.

About Walmart

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, shoes.com, and samsclub.com; and mobile commerce applications.

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

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