Insider Selling: Walmart Inc. (NYSE:WMT) CEO Sells 29,124 Shares of Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $2,411,175.96.
• On Thursday, September 26th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36.

Walmart Price Performance

Shares of NYSE WMT traded up $0.62 during mid-day trading on Friday, reaching $92.50. The company had a trading volume of 11,041,178 shares, compared to its average volume of 16,881,605. The company has a 50-day moving average price of $83.35 and a two-hundred day moving average price of $74.82. The stock has a market cap of $743.54 billion, a PE ratio of 37.96, a P/E/G ratio of 4.36 and a beta of 0.51. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $92.64.

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

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC boosted its stake in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on WMT shares. The Goldman Sachs Group increased their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus increased their price target on shares of Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Barclays upped their price objective on Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Guggenheim raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.88.

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.