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

Wal-Mart Stores Inc (NYSE:WMT) major shareholder Jim C. Walton sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $70.50, for a total transaction of $211,500,000.00. Following the transaction, the insider now directly owns 10,507,127 shares in the company, valued at $740,752,453.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Wal-Mart Stores Inc (NYSE:WMT) traded down 0.207% on Monday, reaching $69.745. 3,577,424 shares of the company were exchanged. Wal-Mart Stores Inc has a 52 week low of $62.72 and a 52 week high of $75.19. The stock has a market capitalization of $213.77 billion, a price-to-earnings ratio of 15.924 and a beta of 0.09. The stock has a 50-day moving average price of $69.19 and a 200 day moving average price of $69.88.

Wal-Mart Stores (NYSE:WMT) last announced its earnings results on Tuesday, February 21st. The retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $129.75 billion for the quarter, compared to the consensus estimate of $130.22 billion. During the same period in the prior year, the firm earned $1.49 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Analysts forecast that Wal-Mart Stores Inc will post $4.32 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, December 6th. Wal-Mart Stores’s payout ratio is currently 43.48%.

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A number of large investors have recently made changes to their positions in WMT. Piershale Financial Group Inc. increased 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 increased 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 increased 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 increased 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 increased 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. 29.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on WMT shares. Nomura set a $81.00 target price on shares of Wal-Mart Stores and gave the stock a “buy” rating in a research report on Monday, November 21st. Zacks Investment Research lowered shares of Wal-Mart Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, November 22nd. Vetr lowered shares of Wal-Mart Stores from a “buy” rating to a “hold” rating and set a $73.85 target price on the stock. in a research report on Tuesday, December 13th. Instinet reaffirmed a “neutral” rating and set a $81.00 target price on shares of Wal-Mart Stores in a research report on Tuesday, December 20th. Finally, Cowen and Company reaffirmed an “outperform” rating on shares of Wal-Mart Stores in a research report on Wednesday, December 28th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have issued a buy rating to the stock. Wal-Mart Stores currently has a consensus rating of “Hold” and an average target price 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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