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 stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were 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 stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40.

Walmart Price Performance

Shares of NYSE:WMT traded up $1.86 during midday trading on Friday, reaching $98.65. 25,437,170 shares of the company’s stock were exchanged, compared to its average volume of 17,829,563. The firm 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. The company’s 50 day simple moving average is $95.77 and its two-hundred day simple moving average is $87.23. Walmart Inc. has a 12 month low of $58.20 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS 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 firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Institutional Investors Weigh In On Walmart

Institutional investors and hedge funds have recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in Walmart during the 4th quarter valued at about $172,000. Total Wealth Planning & Management Inc. bought a new position in shares of Walmart in the fourth quarter valued at approximately $854,000. Menard Financial Group LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $173,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Walmart in the 4th quarter worth approximately $220,445,000. Finally, Brooklyn FI LLC bought a new stake in Walmart during the 4th quarter worth approximately $2,284,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WMT. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. BMO Capital Markets lifted their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Truist Financial boosted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Citigroup restated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $103.07.

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.