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 Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value 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 value of $2,411,175.96.

Walmart Trading Down 1.2 %

Shares of NYSE:WMT traded down $1.13 during mid-day trading on Friday, reaching $91.66. 11,363,566 shares of the company’s stock were exchanged, compared to its average volume of 17,042,813. Walmart Inc. has a twelve month low of $51.87 and a twelve month high of $96.18. The business’s fifty day moving average price is $88.40 and its 200-day moving average price is $78.64. The firm has a market capitalization 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.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Walmart

Hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of Walmart during the 2nd quarter worth $43,000. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Walmart by 3.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 67,159 shares of the retailer’s stock worth $4,547,000 after acquiring an additional 1,999 shares in the last quarter. Boston Financial Mangement LLC lifted its holdings in shares of Walmart by 9.2% in the second quarter. Boston Financial Mangement LLC now owns 28,233 shares of the retailer’s stock worth $1,912,000 after buying an additional 2,386 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Walmart in the 2nd quarter worth approximately $42,000. Finally, Wolf Group Capital Advisors bought a new position in shares of Walmart in the second quarter worth $245,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMT. Royal Bank of Canada upped their price target on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Sanford C. Bernstein upped their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Barclays boosted their price objective on Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.