Insider Selling: Walmart Inc (WMT) Director Sells 1,109,156 Shares of Stock

Walmart Inc (NYSE:WMT) Director S Robson Walton sold 1,109,156 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $97.92, for a total transaction of $108,608,555.52. Following the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at $327,763,111.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, November 28th, S Robson Walton sold 2,731,356 shares of Walmart stock. The stock was sold at an average price of $95.26, for a total transaction of $260,188,972.56.
  • On Wednesday, November 21st, S Robson Walton sold 644,405 shares of Walmart stock. The stock was sold at an average price of $94.11, for a total transaction of $60,644,954.55.
  • On Monday, November 19th, S Robson Walton sold 910,656 shares of Walmart stock. The stock was sold at an average price of $97.15, for a total transaction of $88,470,230.40.
  • On Friday, November 16th, S Robson Walton sold 1,281,814 shares of Walmart stock. The stock was sold at an average price of $97.71, for a total transaction of $125,246,045.94.
  • On Thursday, September 27th, S Robson Walton sold 807,654 shares of Walmart stock. The stock was sold at an average price of $94.46, for a total transaction of $76,290,996.84.
  • On Tuesday, September 18th, S Robson Walton sold 600,000 shares of Walmart stock. The stock was sold at an average price of $95.37, for a total transaction of $57,222,000.00.
  • On Thursday, September 13th, S Robson Walton sold 531,360 shares of Walmart stock. The stock was sold at an average price of $95.23, for a total transaction of $50,601,412.80.
  • 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 transaction of $58,152,000.00.

WMT traded down $1.04 during trading on Thursday, reaching $94.77. 10,365,637 shares of the stock traded hands, compared to its average volume of 9,448,366. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $283.83 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 3.91 and a beta of 0.32. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $109.98.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.06. The business had revenue of $124.89 billion for the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. As a group, research analysts predict that Walmart Inc will post 4.81 EPS for the current fiscal year.

Several research analysts have recently issued reports on WMT shares. JPMorgan Chase & Co. upped their price target on shares of Walmart to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 8th. Deutsche Bank raised shares of Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $89.00 to $113.00 in a research note on Tuesday, October 9th. BMO Capital Markets began coverage on shares of Walmart in a research note on Monday, September 17th. They issued an “outperform” rating and a $110.00 price objective on the stock. Cowen boosted their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $103.00 price objective on shares of Walmart in a research note on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Walmart currently has an average rating of “Hold” and an average target price of $104.04.

A number of institutional investors and hedge funds have recently modified their holdings of the business. CSat Investment Advisory L.P. bought a new position in shares of Walmart during the 2nd quarter worth about $111,000. Amussen Hunsaker Associates LLC bought a new position in shares of Walmart during the 2nd quarter worth about $152,000. ELM Advisors LLC bought a new position in shares of Walmart during the 3rd quarter worth about $152,000. Berman Capital Advisors LLC bought a new position in shares of Walmart during the 3rd quarter worth about $158,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Walmart during the 3rd quarter worth about $162,000. 29.18% of the stock is currently owned by institutional investors and hedge funds.

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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.

Further Reading: Coverage Ratio

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

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