Insider Selling: Steven P. Whaley Sells 1,200 Shares of Wal-Mart Stores Stock (WMT)
Wal-Mart Stores (NYSE:WMT) SVP Steven P. Whaley sold 1,200 shares of the stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $76.79, for a total value of $92,148.00. Following the completion of the sale, the senior vice president now directly owns 29,052 shares in the company, valued at approximately $2,230,903. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Wal-Mart Stores (NYSE:WMT) traded down 0.56% during mid-day trading on Thursday, hitting $75.73. 5,336,596 shares of the company’s stock traded hands. Wal-Mart Stores has a 52 week low of $71.51 and a 52 week high of $81.37. The stock’s 50-day moving average is $77.49 and its 200-day moving average is $76.80. The company has a market cap of $244.1 billion and a price-to-earnings ratio of 15.73. Wal-Mart Stores also was the target of a significant growth in short interest during the month of May. As of May 30th, there was short interest totalling 33,339,265 shares, a growth of 12.8% from the May 15th total of 29,562,470 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 5,586,185 shares, the days-to-cover ratio is currently 6.0 days.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.05. The company had revenue of $114.20 billion for the quarter, compared to the consensus estimate of $116.29 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, analysts predict that Wal-Mart Stores will post $5.19 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Belus Capital initiated coverage on shares of Wal-Mart Stores in a research note on Thursday, June 5th. They set a “sell” rating and a $71.00 price target on the stock. Separately, analysts at Standpoint Research initiated coverage on shares of Wal-Mart Stores in a research note on Wednesday, May 28th. They set a “strong sell” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Wal-Mart Stores in a research note on Friday, May 16th. They now have a $81.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Wal-Mart Stores currently has an average rating of “Hold” and a consensus price target of $80.89.
Wal-Mart Stores, Inc (NYSE:WMT), operates retail stores in various formats globally.
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