Insider Selling: Walmart Inc. (NYSE:WMT) CEO Sells $2,689,601.40 in Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This represents 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 stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96.

Walmart Stock Down 1.2 %

WMT opened at $91.66 on Monday. The firm has a market cap of $736.34 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 4.47 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm’s 50-day simple moving average is $88.60 and its 200-day simple moving average is $78.99. Walmart Inc. has a twelve month low of $51.87 and a twelve month high of $96.18.

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

Hedge Funds Weigh In On Walmart

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Wealth Management LLC MS raised its holdings in shares of Walmart by 2.3% in the third quarter. Legacy Wealth Management LLC MS now owns 85,424 shares of the retailer’s stock valued at $6,898,000 after buying an additional 1,907 shares during the last quarter. 1ST Source Bank raised its stake in shares of Walmart by 1.6% in the third quarter. 1ST Source Bank now owns 65,133 shares of the retailer’s stock worth $5,259,000 after acquiring an additional 998 shares during the last quarter. Alternative Investment Advisors LLC. acquired a new position in shares of Walmart during the third quarter worth approximately $318,000. DGS Capital Management LLC grew its stake in shares of Walmart by 18.4% during the third quarter. DGS Capital Management LLC now owns 19,580 shares of the retailer’s stock valued at $1,581,000 after purchasing an additional 3,048 shares during the last quarter. Finally, Copley Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter valued at approximately $303,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Robert W. Baird increased their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

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.