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

Walmart Inc. (NYSE:WMT) major shareholder S Robson Walton sold 359,616 shares of the 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 in the company, valued at approximately $47,262,194,181.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 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 Tuesday, September 17th, S Robson Walton sold 1,804,000 shares of Walmart stock. The shares were sold at an average price of $79.18, for a total transaction 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 Price Performance

Walmart stock opened at $79.06 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 business has a 50 day simple moving average of $73.44 and a 200-day simple moving average of $66.78. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.02. The stock has a market capitalization of $635.92 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51.

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

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. Evercore ISI lifted their price objective on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Guggenheim lifted their price target on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. 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 report on Friday, August 16th. TD Cowen boosted their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, UBS Group increased their price target on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Institutional Investors Weigh In On Walmart

A number of hedge funds have recently added to or reduced their stakes in WMT. Able Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart in the fourth quarter worth $32,000. Tidemark LLC acquired a new stake in Walmart in the fourth quarter valued at $37,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Walmart during the 4th quarter worth $48,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter worth $25,000. Institutional investors and hedge funds 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.