In recent market activity, Walmart Inc. (NYSE:WMT) Executive Vice President John R. Furner sold 13,125 shares of the company's stock, according to a new SEC filing. The transaction, executed on March 27, 2024, garnered a total of $798,131 for Furner, with the shares sold at a price of $60.81 each.
The sale was conducted under a Rule 10b5-1 Plan, a trading plan that allows company insiders to sell shares at a predetermined time and price, providing an affirmative defense against charges of insider trading. The plan was put in place during an open trading window and had been previously disclosed by Walmart in a Form 8-K filing on March 6, 2023.
Following the transaction, the updated SEC filing indicates that Furner still holds a significant number of Walmart shares. Adjusted for the 3-for-1 stock split that occurred on February 23, 2024, his direct holdings amount to 645,517.026 shares. Additionally, he indirectly owns 5,532.4758 shares through a Walmart Inc. 401(k) plan, also adjusted post-split.
These transactions highlight the ongoing financial moves by top executives within Walmart, providing investors with insight into insider trading patterns. The SEC filing ensures transparency, offering the public and investors alike a detailed account of such stock transactions.
InvestingPro Insights
Amidst the insider trading activity at Walmart Inc. (NYSE:WMT), the market continues to evaluate the company's financial health and growth prospects. According to real-time data from InvestingPro, Walmart boasts a substantial market capitalization of $483.16 billion. The retailer's P/E ratio stands at 31.24, reflecting investor sentiment about its earnings capacity. When adjusted for the last twelve months as of Q4 2024, the P/E ratio slightly decreases to 27.29, indicating a somewhat more favorable valuation in terms of near-term earnings growth.
Investors looking for stability in their portfolio might find Walmart's low price volatility and consistent dividend payments appealing. An InvestingPro Tip highlights that Walmart has raised its dividend for 29 consecutive years, demonstrating a strong commitment to returning value to shareholders. Moreover, the company has maintained dividend payments for an impressive 52 consecutive years, underscoring its financial resilience and operational consistency.
With its solid position within the Consumer Staples Distribution & Retail industry, Walmart's revenue growth remains robust, with a 6.03% increase over the last twelve months as of Q4 2024. This performance is bolstered by a notable gross profit margin of 24.38%, reflecting efficient cost management and strong pricing power.
For those interested in further insights and metrics, InvestingPro offers additional tips for Walmart. Currently, there are 13 more InvestingPro Tips available, which can be accessed for a deeper analysis of Walmart's financials and market performance. Readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at https://www.investing.com/pro/WMT, to gain comprehensive access to these valuable investment tips and data.
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