WMT - 10% Owner Of Walmart Makes $162.11M Sale | Benzinga
A substantial insider sell was reported on May 30, by JIM WALTON, 10% Owner at Walmart (NYSE:WMT), based on the recent SEC filing.
What Happened: WALTON's decision to sell 2,495,239 shares of Walmart was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $162,110,474.
As of Friday morning, Walmart shares are down by 0.33%, currently priced at $64.67.
Discovering Walmart: A Closer Look
Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 stores globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the firm's top line. Internationally, Walmart generated $115 billion in sales. The retailer serves around 240 million customers globally each week.
Breaking Down Walmart's Financial Performance
Revenue Challenges: Walmart's revenue growth over 3 months faced difficulties. ...