Walmart Inc. (NYSE:WMT) Major Shareholder Sells $74,215,640.00 in Stock

Walmart Inc. (NYSE:WMT) major shareholder Jim C. Walton sold 934,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the sale, the insider now owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Walmart Price Performance

Shares of NYSE WMT opened at $80.60 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $647.88 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $80.68. The business has a 50 day simple moving average of $72.51 and a 200-day simple moving average of $66.18.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Telsey Advisory Group increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Tigress Financial lifted their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. TD Cowen increased their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Truist Financial boosted their price objective on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Hedge Funds Weigh In On Walmart

Large investors have recently bought and sold shares of the business. Able Wealth Management LLC acquired a new position in Walmart during the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart during the fourth quarter valued at $32,000. Tidemark LLC bought a new position in shares of Walmart during the fourth quarter worth about $37,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Walmart in the 4th quarter worth about $48,000. Finally, Private Wealth Management Group LLC bought a new stake in Walmart in the 4th quarter valued at about $50,000. Institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

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.