WMT - Sell Alert: ALICE WALTON Cashes Out $21.02M In Walmart Stock | Benzinga
ALICE WALTON, 10% Owner at Walmart (NYSE:WMT), executed a substantial insider sell on March 14, according to an SEC filing.
What Happened: WALTON's decision to sell 345,000 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 $21,020,505.
As of Friday morning, Walmart shares are down by 0.85%, currently priced at $60.5.
Delving into Walmart's Background
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 company serves around 240 million customers globally each week.
A Deep Dive into Walmart's Financials
Revenue Growth: Walmart's remarkable performance in 3 months is evident. As of 31 January, 2024, the ...