Insider Selling: Walmart Inc (WMT) Director Sells 531,360 Shares of Stock

Walmart Inc (NYSE:WMT) Director S Robson Walton sold 531,360 shares of Walmart stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $95.23, for a total value of $50,601,412.80. Following the completion of the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $318,758,998.42. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, September 11th, S Robson Walton sold 600,000 shares of Walmart stock. The stock was 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 stock was 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 stock was sold at an average price of $97.60, for a total value of $86,001,020.80.

Walmart stock traded up $0.23 during mid-day trading on Monday, hitting $94.82. 5,146,100 shares of the company’s stock traded hands, compared to its average volume of 9,638,918. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. The company has a market capitalization of $284.30 billion, a P/E ratio of 21.45, a PEG ratio of 3.37 and a beta of 0.51. Walmart Inc has a one year low of $77.50 and a one year high of $109.98.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion for 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 firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 EPS. research analysts expect that Walmart Inc will post 4.8 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Walmart in the 2nd quarter worth $1,761,000. Burke & Herbert Bank & Trust Co. bought a new stake in shares of Walmart in the 2nd quarter worth $1,577,000. RB Capital Management LLC bought a new stake in shares of Walmart in the 2nd quarter worth $271,000. FormulaFolio Investments LLC raised its stake in shares of Walmart by 7.2% in the 2nd quarter. FormulaFolio Investments LLC now owns 26,995 shares of the retailer’s stock worth $2,312,000 after buying an additional 1,807 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of Walmart by 11.1% in the 2nd quarter. Martingale Asset Management L P now owns 687,227 shares of the retailer’s stock worth $58,862,000 after buying an additional 68,902 shares in the last quarter. 29.43% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on WMT shares. UBS Group lifted their target price on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 17th. Argus set a $112.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Stephens set a $115.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Wells Fargo & Co restated a “neutral” rating and set a $95.00 price objective on shares of Walmart in a research report on Thursday, August 16th. Finally, Morgan Stanley restated a “neutral” rating and set a $93.00 price objective on shares of Walmart in a research report on Wednesday, June 13th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $100.95.

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.

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

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