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 business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the transaction, the chief executive officer now owns 4,480,347 shares of the company’s stock, valued at $422,003,883.93. This represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, March 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12.
• 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.

Walmart Price Performance

Shares of NYSE:WMT opened at $95.16 on Tuesday. The firm has a 50 day moving average of $90.40 and a 200-day moving average of $91.02. The stock has a market capitalization of $762.88 billion, a PE ratio of 39.49, a PEG ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.58 and a 12 month high of $105.30.

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

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.58.

Institutional Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Whelan Financial grew its holdings in shares of Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after purchasing an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC grew its holdings in shares of Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. grew its holdings in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares during the last quarter. Finally, Scott & Selber Inc. grew its holdings in shares of Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after purchasing an additional 105 shares during the last quarter. 26.76% of the stock is 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.