C Douglas Mcmillon Sells 29,124 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, January 23rd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88.
• On Thursday, December 26th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40.

Walmart Stock Performance

WMT stock opened at $98.65 on Monday. The stock’s 50 day simple moving average is $95.90 and its 200 day simple moving average is $87.71. Walmart Inc. has a 12-month low of $58.20 and a 12-month high of $105.30. The firm has a market cap of $792.52 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.55. 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 (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.95%. Walmart’s dividend payout ratio is currently 39.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WMT shares. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Royal Bank of Canada lowered their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $103.07.

Hedge Funds Weigh In On Walmart

Institutional investors have recently made changes to their positions in the stock. Whelan Financial boosted its position in 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 period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after buying an additional 98 shares during the last quarter. Coyle Financial Counsel LLC boosted its holdings in shares of Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after acquiring an additional 102 shares during the period. SC&H Financial Advisors Inc. grew its position in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC increased its holdings in shares of Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after acquiring an additional 106 shares during the period. 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.