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.
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.
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.
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