Walmart Inc (WMT) Major Shareholder Alice L. Walton Sells 491,120 Shares of Stock

Walmart Inc (NYSE:WMT) major shareholder Alice L. Walton sold 491,120 shares of Walmart stock in a transaction on Monday, June 11th. The stock was sold at an average price of $84.23, for a total value of $41,367,037.60. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $568,432,893.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Walmart traded down $0.30, reaching $83.79, during midday trading on Thursday, according to Marketbeat.com. The company had a trading volume of 444,422 shares, compared to its average volume of 10,740,466. Walmart Inc has a one year low of $73.13 and a one year high of $109.98. The company has a current ratio of 0.73, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The firm has a market cap of $249.73 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Walmart had a return on equity of 17.16% and a net margin of 1.77%. The company had revenue of $122.69 billion during the quarter, compared to analyst estimates of $119.29 billion. During the same quarter in the previous year, the company posted $1.00 EPS. Walmart’s revenue for the quarter was up 4.4% on a year-over-year basis. equities research analysts forecast that Walmart Inc will post 4.86 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its position in Walmart by 283.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 117,767 shares of the retailer’s stock valued at $7,466,000 after purchasing an additional 87,057 shares during the last quarter. Rikoon Group LLC raised its position in Walmart by 48.4% during the 1st quarter. Rikoon Group LLC now owns 20,697 shares of the retailer’s stock valued at $1,770,000 after purchasing an additional 6,747 shares during the last quarter. Altium Wealth Management LLC grew its holdings in shares of Walmart by 35.7% during the 1st quarter. Altium Wealth Management LLC now owns 3,707 shares of the retailer’s stock worth $329,000 after acquiring an additional 976 shares during the period. Nicola Wealth Management LTD. purchased a new position in shares of Walmart during the 1st quarter worth approximately $4,982,000. Finally, Chesapeake Wealth Management purchased a new position in shares of Walmart during the 1st quarter worth approximately $708,000. 29.71% of the stock is owned by institutional investors.

A number of analysts recently commented on the company. UBS Group reiterated a “neutral” rating and set a $105.00 price target on shares of Walmart in a report on Friday, February 16th. Goldman Sachs Group reissued a “buy” rating and issued a $113.00 target price on shares of Walmart in a research report on Friday, February 16th. Jefferies Financial Group reissued a “buy” rating and issued a $119.00 target price on shares of Walmart in a research report on Friday, February 16th. Bank of America set a $120.00 target price on Walmart and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $105.00 target price (down from $110.00) on shares of Walmart in a research report on Tuesday, February 20th. Nineteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Walmart currently has an average rating of “Buy” and an average price target of $96.56.

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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

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