Walmart Inc. (NYSE:WMT) Major Shareholder S Robson Walton Sells 1,804,000 Shares

Walmart Inc. (NYSE:WMT) major shareholder S Robson Walton sold 1,804,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total value of $142,840,720.00. Following the sale, the insider now directly owns 605,979,318 shares in the company, valued at approximately $47,981,442,399.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 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 Thursday, September 19th, S Robson Walton sold 359,616 shares of Walmart stock. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00.
• On Monday, September 9th, S Robson Walton sold 4,057,369 shares of Walmart stock. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80.

Walmart Stock Down 1.2 %

NYSE WMT opened at $78.05 on Friday. The business has a fifty day moving average price of $73.24 and a two-hundred day moving average price of $66.65. The stock has a market capitalization of $627.80 billion, a PE ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the company earned $0.61 EPS. Walmart’s revenue for the quarter 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 Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently made changes to their positions in WMT. Landmark Financial Advisors LLC grew its stake in shares of Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after buying an additional 70 shares during the last quarter. Syverson Strege & Co boosted its holdings in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after acquiring an additional 85 shares in the last quarter. Amussen Hunsaker Associates LLC grew its position in Walmart by 0.5% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock worth $2,519,000 after acquiring an additional 86 shares during the last quarter. Per Stirling Capital Management LLC. increased its holdings in Walmart by 2.6% in the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after purchasing an additional 100 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its position in Walmart by 1.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after purchasing an additional 100 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Tigress Financial boosted their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Roth Mkm boosted their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Morgan Stanley raised their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. TD Cowen lifted their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada increased their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.