Walmart Inc (WMT) Director Sells $57,222,000.00 in Stock

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Walmart Inc (NYSE:WMT) Director S Robson Walton sold 600,000 shares of the stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $95.37, for a total value of $57,222,000.00. Following the sale, the director now directly owns 3,347,254 shares in the company, valued at approximately $319,227,613.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, September 27th, S Robson Walton sold 807,654 shares of Walmart stock. The shares were sold at an average price of $94.46, for a total value of $76,290,996.84.
  • On Thursday, September 13th, S Robson Walton sold 531,360 shares of Walmart stock. The shares were sold at an average price of $95.23, for a total value of $50,601,412.80.
  • On Tuesday, September 11th, S Robson Walton sold 600,000 shares of Walmart stock. The shares were sold at an average price of $96.92, for a total value of $58,152,000.00.
  • On Friday, August 24th, S Robson Walton sold 1,276,062 shares of Walmart stock. The shares were sold at an average price of $95.19, for a total value of $121,468,341.78.
  • On Monday, August 20th, S Robson Walton sold 881,158 shares of Walmart stock. The shares were sold at an average price of $97.60, for a total value of $86,001,020.80.

WMT stock traded up $0.89 during mid-day trading on Friday, reaching $94.81. 8,487,581 shares of the company traded hands, compared to its average volume of 9,387,817. The company has a market capitalization of $278.20 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $109.98.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. The business had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 EPS. As a group, sell-side analysts forecast that Walmart Inc will post 4.81 earnings per share for the current fiscal year.

A number of research analysts have recently commented on WMT shares. Morningstar set a $90.00 price target on Walmart and gave the company a “neutral” rating in a research note on Tuesday, June 26th. Gordon Haskett lowered Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered Walmart from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 target price on shares of Walmart in a research report on Tuesday, August 7th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 target price on shares of Walmart in a research report on Thursday, August 9th. Eighteen research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $102.37.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Walmart by 1.9% in the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after purchasing an additional 1,660,543 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Walmart by 1.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock worth $881,168,000 after purchasing an additional 148,000 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Walmart by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock worth $822,957,000 after purchasing an additional 417,204 shares during the period. Bank of Montreal Can raised its holdings in shares of Walmart by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 7,413,286 shares of the retailer’s stock worth $696,182,000 after purchasing an additional 117,333 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Walmart by 2.0% in the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock worth $480,473,000 after purchasing an additional 109,700 shares during the period. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Company Profile

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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