Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon Sells 29,124 Shares

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

C Douglas Mcmillon also recently made the following trade(s):

• On Wednesday, November 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56.
• On Thursday, October 24th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96.

Walmart Stock Performance

Shares of Walmart stock opened at $91.66 on Friday. Walmart Inc. has a 12 month low of $51.87 and a 12 month high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $736.34 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54. The business has a fifty day simple moving average of $88.60 and a 200-day simple moving average of $78.90.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on WMT. Jefferies Financial Group raised their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Robert W. Baird raised their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Finally, Citigroup upped their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brophy Wealth Management LLC acquired a new position in shares of Walmart in the third quarter worth $2,072,000. Fisher Asset Management LLC grew its stake in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Virtu Financial LLC acquired a new position in Walmart in the 3rd quarter worth about $541,000. Charles Schwab Investment Management Inc. raised its stake in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after purchasing an additional 350,881 shares in the last quarter. Finally, Oxbow Advisors LLC raised its stake in shares of Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after purchasing an additional 8,834 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.