Walmart Inc. (NYSE:WMT) Major Shareholder Alice L. Walton Sells 2,375,563 Shares

Walmart Inc. (NYSE:WMT) major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Walmart Stock Down 0.4 %

Shares of NYSE WMT opened at $76.64 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market cap of $616.05 billion, a P/E ratio of 32.80, a P/E/G ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $77.81. The business has a 50-day simple moving average of $71.45 and a two-hundred day simple moving average of $65.43.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on WMT. Robert W. Baird increased their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. UBS Group upped their target price on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group lifted their price target on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Guggenheim upped their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AHL Investment Management Inc. raised its holdings in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. raised its stake in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in Walmart during the first quarter valued at approximately $270,000. Commerce Bank grew its stake in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

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.