Walmart Inc. (NYSE:WMT) Major Shareholder S Robson Walton Sells 359,616 Shares of Stock

Walmart Inc. (NYSE:WMT) major shareholder S Robson Walton sold 359,616 shares of the company’s 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 directly owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock 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 stock was sold at an average price of $79.18, for a total value 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 Stock Down 1.2 %

WMT stock opened at $78.05 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 company’s 50 day simple moving average is $73.24 and its 200-day simple moving average is $66.65. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.02. The firm has a market capitalization of $627.80 billion, a PE ratio of 33.35, a P/E/G ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aveo Capital Partners LLC raised its position in shares of Walmart by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock valued at $683,000 after buying an additional 197 shares during the last quarter. 9258 Wealth Management LLC grew its stake in Walmart by 1.8% in the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock worth $2,045,000 after acquiring an additional 235 shares during the period. Gryphon Financial Partners LLC grew its stake in Walmart by 58.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after acquiring an additional 2,443 shares during the period. Quest Partners LLC acquired a new position in Walmart in the 4th quarter valued at $684,000. Finally, Assetmark Inc. lifted its stake in shares of Walmart by 7.2% during the 4th quarter. Assetmark Inc. now owns 39,055 shares of the retailer’s stock worth $6,157,000 after purchasing an additional 2,607 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays lifted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Truist Financial boosted their target price on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. Royal Bank of Canada lifted their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.99.

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.