Jim C. Walton Sells 3,000,000 Shares of Wal-Mart Stores Inc (WMT) Stock

Wal-Mart Stores Inc (NYSE:WMT) major shareholder Jim C. Walton sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $70.50, for a total transaction of $211,500,000.00. Following the completion of the sale, the insider now directly owns 10,507,127 shares of the company’s stock, valued at approximately $740,752,453.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 69.98 on Tuesday. Wal-Mart Stores Inc has a 52-week low of $62.72 and a 52-week high of $75.19. The firm has a market capitalization of $214.49 billion, a PE ratio of 15.98 and a beta of 0.09. The stock’s 50 day moving average is $69.19 and its 200 day moving average is $69.87.

Wal-Mart Stores (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 21st. The retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.01. Wal-Mart Stores had a net margin of 2.98% and a return on equity of 17.71%. The company earned $129.75 billion during the quarter, compared to analyst estimates of $130.22 billion. During the same period last year, the business earned $1.49 earnings per share. Wal-Mart Stores’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts forecast that Wal-Mart Stores Inc will post $4.32 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.92%. Wal-Mart Stores’s dividend payout ratio (DPR) is currently 43.48%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Piershale Financial Group Inc. raised its stake in shares of Wal-Mart Stores by 0.3% in the third quarter. Piershale Financial Group Inc. now owns 1,612 shares of the retailer’s stock valued at $116,000 after buying an additional 5 shares during the last quarter. Vantage Investment Advisors LLC raised its stake in shares of Wal-Mart Stores by 0.4% in the third quarter. Vantage Investment Advisors LLC now owns 2,118 shares of the retailer’s stock valued at $153,000 after buying an additional 8 shares during the last quarter. WealthTrust Arizona LLC raised its stake in shares of Wal-Mart Stores by 0.5% in the third quarter. WealthTrust Arizona LLC now owns 2,549 shares of the retailer’s stock valued at $184,000 after buying an additional 13 shares during the last quarter. Wellington Shields & Co. LLC raised its stake in shares of Wal-Mart Stores by 0.4% in the third quarter. Wellington Shields & Co. LLC now owns 3,646 shares of the retailer’s stock valued at $263,000 after buying an additional 15 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Wal-Mart Stores by 0.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,576 shares of the retailer’s stock valued at $186,000 after buying an additional 16 shares during the last quarter. Institutional investors own 29.69% of the company’s stock.

WMT has been the subject of a number of recent analyst reports. Vetr raised shares of Wal-Mart Stores from a “hold” rating to a “buy” rating and set a $74.70 price target for the company in a report on Monday, December 26th. MKM Partners set a $72.00 price target on shares of Wal-Mart Stores and gave the stock a “hold” rating in a report on Saturday, February 18th. Stifel Nicolaus upped their price target on shares of Wal-Mart Stores from $70.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, February 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $80.00 price target on shares of Wal-Mart Stores in a report on Thursday, February 16th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price target on shares of Wal-Mart Stores in a report on Wednesday, February 22nd. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the stock. Wal-Mart Stores presently has an average rating of “Hold” and an average price target of $74.85.

Wal-Mart Stores Company Profile

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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