Thursday, September 07, 2017 10:15 PM ET
Significant Insider Sales in Shares of Wal-Mart Stores (WMT) Extends the Selling Trend of Last Quarter
A substantial level of insider sales in Wal-Mart Stores was revealed in form 4 documents filed with the SEC today. Three insiders — Alice L Walton, 10% Owner, Jim C Walton, 10% Owner, and S Robson Walton, 10% Owner and Director — disposed of 4,957,026 shares in the company having a market value of approximately $393,323,621. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 27,552,612 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 32,509,638 shares and have averaged 4,063,705 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Wal-Mart Stores is higher than the 16-company peer group average. Supermarkets & Convenience Stores peer group saw 20 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Wal-Mart Stores insiders was also higher. Within the peer group there were 0 shares purchased and 27,569,002 shares sold with company insiders disposing of 1,378,450 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.
Today’s Insider Activity
* Alice L Walton, 10% Owner, sold 1,652,342 shares
* Jim C Walton, 10% Owner, sold 1,652,342 shares
* S Robson Walton, 10% Owner and Director, sold 1,652,342 shares
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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