Wal Mart Stores Inc (WMT) Files Form 4 Insider Selling : S Robson Walton Sells 4,375,337 Shares

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Wal Mart Stores Inc (WMT): S Robson Walton , director 10% owner of Wal Mart Stores Inc sold 4,375,337 shares on Feb 22, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $71.96 per share for a total value of $314123616 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2017, Jim C Walton (10% owner) sold 4,375,337 shares at $71.96 per share price.On Feb 24, 2017, Alice L Walton (10% owner) sold 4,375,337 shares at $71.96 per share price.Also, On Jan 9, 2017, Rosalind G Brewer (Executive Vice President) sold 32,350 shares at $68.32 per share price.On Nov 23, 2016, C Douglas Mcmillon (President and CEO) sold 75,063 shares at $69.08 per share price.

Wal-Mart Stores: On Wednesday, Feb 22, 2017 heightened volatility was witnessed in Wal-Mart Stores which led to swings in the share price. The shares opened for trading at $72.25 and hit $72.37 on the upside , eventually ending the session at $71.71, with a gain of 0.36% or 0.26 points. The heightened volatility saw the trading volume jump to 1,52,42,674 shares. The 52-week high of the share price is $75.19 and the company has a market cap of $220,378 M . The 52-week low of the share price is at $62.72.

Wal-Mart Stores Money Flow Index Chart

Company has been under the radar of several Street Analysts.Wal-Mart Stores is Reiterated by Stifel to Hold and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $70 .The Rating was issued on Feb 22, 2017.Wal-Mart Stores is Reiterated by RBC Capital Mkts to Underperform and the brokerage firm has raised the Price Target to $ 67 from a previous price target of $66 .The Rating was issued on Feb 22, 2017.Wal-Mart Stores is Upgraded by BofA/Merrill to Buy and the brokerage firm has set the Price Target at $88. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 22, 2017.Wal-Mart Stores is Initiated by Susquehanna to Positive and the brokerage firm has set the Price Target at $80. The Rating was issued on Feb 10, 2017.Wal-Mart Stores is Initiated by Bernstein to Mkt Perform and the brokerage firm has set the Price Target at $75. The Rating was issued on Feb 6, 2017.

Wal-Mart Stores Inc. is engaged in the operation of retail wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.

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Sean Raymond

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