Walmart Inc. (NYSE:WMT – Get Free Report) major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the transaction, the insider now owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Walmart Trading Up 1.2 %
NYSE:WMT opened at $80.60 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $80.68. The stock has a market cap of $647.88 billion, a P/E ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50-day simple moving average of $72.51 and a 200-day simple moving average of $66.09.
Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (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 during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.
Analyst Ratings Changes
Institutional Investors Weigh In On Walmart
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the 1st quarter valued at about $25,000. Northwest Capital Management Inc increased its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC increased its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in Walmart in the second quarter valued at approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Walmart
- How Technical Indicators Can Help You Find Oversold Stocks
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- What Are Dividends? Buy the Best Dividend Stocks
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- 3 Warren Buffett Stocks to Buy Now
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.