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 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.
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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