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 that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.23, for a total value of $1,899,758.52. Following the sale, the chief executive officer now owns 3,989,526 shares in the company, valued at $260,236,780.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, April 25th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72.
• On Thursday, March 28th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $60.45, for a total value of $1,760,545.80.

Walmart Stock Performance

Walmart stock traded up $0.54 during midday trading on Friday, reaching $65.38. The stock had a trading volume of 11,795,024 shares, compared to its average volume of 17,962,526. The firm’s 50-day moving average price is $60.73 and its 200 day moving average price is $56.84. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $65.69. The firm has a market capitalization of $526.84 billion, a PE ratio of 27.94, a P/E/G ratio of 3.74 and a beta of 0.49. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Walmart’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. Walmart’s dividend payout ratio is presently 35.47%.

Hedge Funds Weigh In On Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Seven Mile Advisory raised its holdings in Walmart by 1.6% in the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock worth $632,000 after purchasing an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC boosted its position in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares during the last quarter. ICW Investment Advisors LLC boosted its position in Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the last quarter. Bill Few Associates Inc. boosted its position in Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC raised its stake in shares of Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after buying an additional 65 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMT. Truist Financial upped their target price on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Citigroup raised their target price on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Bank of America lifted their price objective on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Finally, Telsey Advisory Group upped their price target on Walmart from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.01.

Walmart Company Profile

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.