Walmart executive Jim Walton sells over $21 million in company stock

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Walmart executive Jim Walton sells over $21 million in company stock
Credit: © Reuters.

In a recent transaction, Walmart Inc. (NYSE: WMT ) executive Jim Walton has sold a significant portion of his holdings in the company. On March 14, Walton, who is a member of the company's founding family, disposed of 345,000 shares of Walmart common stock. The sale was executed at a weighted average price of $60.929, with the total transaction value amounting to over $21 million.

The sale took place through a series of multiple trades with prices ranging from $60.615 to $61.11. The specific details regarding the number of shares sold at each price point are available upon request from the issuer, any security holder, or the staff of the Securities and Exchange Commission.

This transaction follows a distribution of 335,000 shares of Walmart common stock from the Walton Family Holdings Trust to a beneficiary, which occurred on March 12. Notably, this distribution was made for no financial consideration.

As a trustee of the Walton Family Holdings Trust and a member of Walton Enterprises, LLC, Jim Walton has indirect ownership of a substantial number of Walmart shares. Following the recent sale, the Trust still holds 652,044,261 shares of Walmart common stock. Additionally, Walton Enterprises, LLC owns 3,002,673,393 shares. However, Jim Walton has disclaimed beneficial ownership of the reported securities held by both entities except to the extent of his pecuniary interest therein.

Investors often keep a keen eye on insider transactions like these, as they can provide valuable insights into executives' perspectives on the company's current valuation and future prospects.

InvestingPro Insights

In the context of the recent insider sale by Walmart Inc. (NYSE:WMT) executive Jim Walton, several metrics and InvestingPro Tips can provide a broader view of the company's financial health and market performance.

InvestingPro Data highlights Walmart's robust market capitalization of $491.3 billion, indicating a strong presence in the market. The P/E ratio stands at 31.79, which suggests a higher valuation compared to earnings. However, the company's PEG ratio, at 0.92, implies potential for earnings growth relative to its P/E ratio, which may be a positive signal for investors considering the company's future prospects.

A noteworthy InvestingPro Tip is that Walmart has a perfect Piotroski Score of 9, which is a strong indicator of the company's financial stability. This score assesses the company's profitability, leverage, liquidity, source of funds, and operating efficiency. Additionally, Walmart has raised its dividend for 29 consecutive years, showcasing a commitment to returning value to shareholders and a stable financial position that supports such consistent dividend growth.

For investors interested in delving deeper into Walmart's financials and stock performance, there are 16 additional InvestingPro Tips available. These insights can help investors make more informed decisions and understand the nuances of Walmart's financial health and market position. To access these tips and more detailed analytics, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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