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

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, September 26th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36.

Walmart Stock Down 0.6 %

NYSE WMT opened at $82.51 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $663.67 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 4.11 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The stock’s 50 day moving average is $79.09 and its two-hundred day moving average is $70.33.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company posted $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Benin Management CORP boosted its holdings in Walmart by 201.0% during the first quarter. Benin Management CORP now owns 18,027 shares of the retailer’s stock worth $1,085,000 after buying an additional 12,037 shares during the last quarter. Hobart Private Capital LLC boosted its stake in Walmart by 191.4% during the 1st quarter. Hobart Private Capital LLC now owns 5,901 shares of the retailer’s stock worth $355,000 after acquiring an additional 3,876 shares during the last quarter. Brookstone Capital Management grew its holdings in Walmart by 274.4% during the first quarter. Brookstone Capital Management now owns 281,496 shares of the retailer’s stock valued at $16,938,000 after purchasing an additional 206,316 shares during the period. AHL Investment Management Inc. raised its holdings in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the period. Finally, Future Financial Wealth Managment LLC boosted its position in shares of Walmart by 200.0% during the first quarter. Future Financial Wealth Managment LLC now owns 4,350 shares of the retailer’s stock worth $262,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Jefferies Financial Group raised their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein assumed coverage on shares of Walmart in a research note on Tuesday. They set an “outperform” rating and a $95.00 price target on the stock. Morgan Stanley increased their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada raised their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $83.51.

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.