Walmart Inc. (NYSE:WMT) Major Shareholder Sells $28,139,952.00 in Stock

Walmart Inc. (NYSE:WMT) major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, September 17th, S Robson Walton sold 1,804,000 shares of Walmart stock. The shares were sold at an average price of $79.18, for a total transaction of $142,840,720.00.
• On Monday, September 9th, S Robson Walton sold 4,057,369 shares of Walmart stock. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80.

Walmart Price Performance

Shares of NYSE WMT opened at $79.06 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market capitalization of $635.92 billion, a PE ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02. The business’s fifty day moving average price is $73.44 and its two-hundred day moving average price is $66.83.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. On average, research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on WMT. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Guggenheim lifted their target price on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group increased their price target on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, DA Davidson increased their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Institutional Investors Weigh In On Walmart

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Legal & General Group Plc raised its stake in shares of Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the period. Finally, Raymond James & Associates grew its position in Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after buying an additional 2,246,656 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.