Insider Selling: Wal-Mart Stores, Inc. (WMT) Major Shareholder Sells $128,760,572.13 in Stock
Wal-Mart Stores, Inc. (NYSE:WMT) major shareholder Jim C. Walton sold 1,319,133 shares of Wal-Mart Stores 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Wal-Mart Stores, Inc. (NYSE WMT) opened at $96.55 on Friday. The stock has a market cap of $285,250.00, a price-to-earnings ratio of 22.21, a P/E/G ratio of 3.59 and a beta of 0.37. Wal-Mart Stores, Inc. has a fifty-two week low of $65.28 and a fifty-two week high of $100.13. The company has a quick ratio of 0.19, a current ratio of 0.81 and a debt-to-equity ratio of 0.52.
Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The firm had revenue of $122.14 billion during the quarter, compared to analysts’ expectations of $120.23 billion. Wal-Mart Stores had a net margin of 2.31% and a return on equity of 16.92%. Wal-Mart Stores’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. analysts anticipate that Wal-Mart Stores, Inc. will post 4.43 EPS for the current fiscal year.
WMT has been the subject of several research analyst reports. Stephens raised Wal-Mart Stores from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $78.00 to $91.00 in a report on Friday, August 11th. Jefferies Group set a $88.00 target price on Wal-Mart Stores and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub raised Wal-Mart Stores from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. J P Morgan Chase & Co set a $80.00 target price on Wal-Mart Stores and gave the company a “neutral” rating in a report on Monday, August 14th. Finally, MKM Partners reaffirmed a “neutral” rating on shares of Wal-Mart Stores in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Wal-Mart Stores currently has an average rating of “Hold” and a consensus price target of $92.68.
Hedge funds have recently added to or reduced their stakes in the business. Winfield Associates Inc. raised its position in Wal-Mart Stores by 5.8% in the second quarter. Winfield Associates Inc. now owns 1,373 shares of the retailer’s stock worth $104,000 after purchasing an additional 75 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Wal-Mart Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,476 shares of the retailer’s stock worth $106,000 after purchasing an additional 696 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Wal-Mart Stores by 3.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,429 shares of the retailer’s stock worth $108,000 after purchasing an additional 45 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of Wal-Mart Stores by 456.9% during the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares in the last quarter. Finally, Hudock Capital Group LLC increased its holdings in shares of Wal-Mart Stores by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,847 shares of the retailer’s stock worth $139,000 after buying an additional 7 shares in the last quarter. Institutional investors own 30.40% of the company’s stock.
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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.
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