Walmart Inc. (NYSE:WMT) CEO Sells $2,493,888.12 in Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80.
• On Thursday, January 23rd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88.

Walmart Price Performance

Shares of WMT traded up $2.79 during midday trading on Monday, reaching $87.94. The stock had a trading volume of 30,255,294 shares, compared to its average volume of 16,963,799. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm’s 50 day moving average price is $94.62 and its 200-day moving average price is $89.40. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a market capitalization of $704.97 billion, a P/E ratio of 36.49, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. On average, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. Walmart’s dividend payout ratio is 39.00%.

Analyst Ratings Changes

Several analysts have commented on WMT shares. Evercore ISI lowered their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter worth about $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

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.