Wal-Mart Stores, Inc. (NYSE:WMT) major shareholder Jim C. Walton sold 1,319,133 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total value of $128,760,572.13. Following the completion of the sale, the insider now directly owns 11,057,224 shares in the company, valued at $1,079,295,634.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Wal-Mart Stores, Inc. (NYSE WMT) traded up $0.82 on Wednesday, hitting $97.83. The stock had a trading volume of 9,009,400 shares, compared to its average volume of 8,950,248. The firm has a market cap of $287,380.69, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 3.58 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.19 and a debt-to-equity ratio of 0.52. Wal-Mart Stores, Inc. has a one year low of $65.28 and a one year high of $100.13.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. Wal-Mart Stores had a return on equity of 16.92% and a net margin of 2.31%. The business had revenue of $122.14 billion during the quarter, compared to analyst estimates of $120.23 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Wal-Mart Stores, Inc. will post 4.43 EPS for the current year.

Wal-Mart Stores declared that its board has initiated a share buyback plan on Tuesday, October 10th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in the stock. Winfield Associates Inc. boosted its position in Wal-Mart Stores by 5.8% during the 2nd quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after acquiring an additional 75 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Wal-Mart Stores by 3.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after acquiring an additional 45 shares during the period. TrimTabs Asset Management LLC boosted its position in Wal-Mart Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after acquiring an additional 696 shares during the period. Thompson Davis & CO. Inc. boosted its position in Wal-Mart Stores by 456.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after acquiring an additional 1,252 shares during the period. Finally, Hudock Capital Group LLC boosted its position in Wal-Mart Stores by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 30.40% of the company’s stock.

Several equities analysts have recently weighed in on the company. Goldman Sachs Group lowered Wal-Mart Stores from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research note on Monday, November 20th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, September 19th. Zacks Investment Research lowered Wal-Mart Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Wal-Mart Stores in a research note on Tuesday, November 21st. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $84.00 price objective (up from $80.00) on shares of Wal-Mart Stores in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $92.68.

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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.

Insider Buying and Selling by Quarter for Wal-Mart Stores (NYSE:WMT)

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