Walmart Inc. (NYSE:WMT) EVP Marc E. Lore Sells 85,000 Shares
Walmart Inc. (NYSE:WMT) EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the completion of the sale, the executive vice president now directly owns 1,610,399 shares of the company’s stock, valued at approximately $232,783,175.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of WMT opened at $144.71 on Friday. The company has a market capitalization of $410.07 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 4.60 and a beta of 0.28. Walmart Inc. has a 52 week low of $102.00 and a 52 week high of $151.33. The stock’s 50-day moving average price is $139.94 and its 200-day moving average price is $129.14. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.31. The company had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. Walmart’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 5.28 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tatro Capital LLC grew its position in Walmart by 3.5% during the third quarter. Tatro Capital LLC now owns 2,209 shares of the retailer’s stock valued at $309,000 after buying an additional 74 shares during the period. Howland Capital Management LLC grew its holdings in shares of Walmart by 3.3% during the 2nd quarter. Howland Capital Management LLC now owns 2,431 shares of the retailer’s stock worth $291,000 after purchasing an additional 77 shares during the period. X Square Capital LLC grew its holdings in shares of Walmart by 2.6% during the 2nd quarter. X Square Capital LLC now owns 2,990 shares of the retailer’s stock worth $358,000 after purchasing an additional 77 shares during the period. BSW Wealth Partners increased its position in shares of Walmart by 3.6% during the 2nd quarter. BSW Wealth Partners now owns 2,207 shares of the retailer’s stock worth $264,000 after purchasing an additional 77 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in Walmart by 2.0% in the 2nd quarter. Truvestments Capital LLC now owns 4,049 shares of the retailer’s stock valued at $484,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 29.34% of the company’s stock.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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