Alice L. Walton Sells 40,974 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) major shareholder Alice L. Walton sold 40,974 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at approximately $42,445,890,427.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Walmart Stock Down 0.7 %

WMT stock traded down $0.44 during midday trading on Wednesday, hitting $66.29. The company’s stock had a trading volume of 11,699,117 shares, compared to its average volume of 18,369,117. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $67.57. The firm has a market capitalization of $533.21 billion, a P/E ratio of 28.38, a PEG ratio of 3.86 and a beta of 0.52. The firm has a 50-day simple moving average of $62.05 and a 200-day simple moving average of $57.93.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter last year, the company posted $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Hedge Funds Weigh In On Walmart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valley Brook Capital Group Inc. raised its holdings in shares of Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 315 shares in the last quarter. Core Wealth Advisors Inc. raised its holdings in shares of Walmart by 38.9% in the 4th 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. Motco raised its holdings in shares of Walmart by 1.3% in the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares in the last quarter. Gordian Advisors LLC raised its holdings in shares of Walmart by 231.2% in the 1st quarter. Gordian Advisors LLC now owns 4,868 shares of the retailer’s stock valued at $293,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Oak Family Advisors LLC raised its holdings in shares of Walmart by 201.4% in the 1st quarter. Oak Family Advisors LLC now owns 112,816 shares of the retailer’s stock valued at $6,788,000 after purchasing an additional 75,383 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday. Roth Mkm increased their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group increased their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Tigress Financial increased their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, UBS Group increased their price objective on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.69.

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.