Walmart Inc. (NYSE:WMT – Get Free Report) 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.
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.
View Our Latest Stock Report on Walmart
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.
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