Walmart Inc. (NYSE:WMT) CEO Sells $2,823,571.80 in Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 value 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 value of $2,689,601.40.

Walmart Price Performance

Walmart stock traded up $1.86 during midday trading on Friday, hitting $98.65. The company’s stock had a trading volume of 25,437,170 shares, compared to its average volume of 17,829,563. Walmart Inc. has a 12 month low of $58.20 and a 12 month high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average price is $95.77 and its 200-day moving average price is $87.23. The company has a market capitalization of $792.52 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released 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 business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Walmart during the 4th quarter worth about $5,737,355,000. Raymond James Financial Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $2,306,627,000. Jennison Associates LLC raised its holdings in shares of Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares during the period. FMR LLC lifted its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the subject of several recent research reports. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Bank of America boosted their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Tigress Financial raised their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $103.07.

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.