Wal-Mart Stores, Inc. (WMT) Major Shareholder Alice L. Walton Sells 1,652,342 Shares
Wal-Mart Stores, Inc. (NYSE:WMT) major shareholder Alice L. Walton sold 1,652,342 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $79.35, for a total value of $131,113,337.70. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $535,499,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Wal-Mart Stores, Inc. (WMT) traded up 0.05% during trading on Thursday, reaching $80.12. The company had a trading volume of 6,820,752 shares. The stock’s 50-day moving average price is $79.54 and its 200-day moving average price is $75.75. Wal-Mart Stores, Inc. has a 52 week low of $65.28 and a 52 week high of $81.99. The company has a market capitalization of $241.00 billion, a PE ratio of 19.25 and a beta of 0.30. Wal-Mart Stores also saw unusually large options trading on Monday. Traders bought 5,107 put options on the stock. This represents an increase of 351% compared to the average daily volume of 1,132 put options.
Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 17th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Wal-Mart Stores had a return on equity of 16.87% and a net margin of 2.60%. The company had revenue of $123.40 billion during the quarter, compared to analyst estimates of $121.86 billion. During the same period in the previous year, the business earned $1.07 EPS. Wal-Mart Stores’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Wal-Mart Stores, Inc. will post $4.37 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the business. Intl Fcstone Inc. purchased a new stake in Wal-Mart Stores during the 2nd quarter worth approximately $542,000. Griffin Asset Management Inc. purchased a new stake in Wal-Mart Stores during the 2nd quarter worth approximately $7,274,000. Lord Abbett & CO. LLC increased its stake in Wal-Mart Stores by 25.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,981,572 shares of the retailer’s stock worth $149,966,000 after buying an additional 406,922 shares in the last quarter. USA Financial Portformulas Corp purchased a new stake in Wal-Mart Stores during the 2nd quarter worth approximately $2,819,000. Finally, Paradigm Financial Advisors LLC purchased a new stake in Wal-Mart Stores during the 2nd quarter worth approximately $201,000. Institutional investors own 29.93% of the company’s stock.
A number of research analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Wal-Mart Stores in a report on Saturday, May 13th. UBS AG reaffirmed a “neutral” rating and set a $80.00 price target (up from $73.00) on shares of Wal-Mart Stores in a report on Sunday, May 21st. MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. Cowen and Company set a $86.00 price target on Wal-Mart Stores and gave the company a “buy” rating in a report on Monday, August 7th. Finally, J P Morgan Chase & Co set a $80.00 price target on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wal-Mart Stores currently has a consensus rating of “Hold” and a consensus target price of $80.25.
About Wal-Mart Stores
Wal-Mart Stores, Inc is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club. The Walmart U.S. segment includes its mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail.
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