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

Walmart Inc. (NYSE:WMT) major shareholder S Robson Walton sold 1,804,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the transaction, the insider now directly owns 605,979,318 shares in the company, valued at approximately $47,981,442,399.24. The transaction was disclosed in a filing with the SEC, which is available through 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.

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 stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00.
• 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 Stock Up 1.3 %

WMT opened at $79.06 on Friday. The company has a 50 day moving average of $73.44 and a 200 day moving average of $66.78. The company has a market cap 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 Inc. has a 12 month low of $49.85 and a 12 month high of $81.02. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. AHL Investment Management Inc. boosted its holdings in 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 purchasing an additional 15,785 shares during the period. Core Wealth Advisors Inc. boosted its holdings in 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 during the period. Liberty Wealth Management LLC bought a new position in Walmart in the 1st quarter valued at $270,000. Commerce Bank boosted its holdings in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the period. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WMT. Royal Bank of Canada increased their price objective on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Stifel Nicolaus upped their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, TD Cowen upped their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price 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.