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 on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, March 28th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80.
• On Thursday, February 22nd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40.

Walmart Trading Down 1.5 %

Shares of NYSE:WMT opened at $59.32 on Wednesday. The company has a market cap of $478.11 billion, a P/E ratio of 31.06, a P/E/G ratio of 3.93 and a beta of 0.49. The stock’s 50-day moving average is $59.99 and its 200-day moving average is $55.90. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $61.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.36 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is presently 43.46%.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently added to or reduced their stakes in WMT. Authentikos Wealth Advisory LLC acquired a new stake in Walmart during the third quarter worth about $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new position in Walmart in the 4th quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Walmart during the 4th quarter worth $32,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI reduced their target price on Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Tigress Financial increased their target price on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $68.00 price objective on shares of Walmart in a report on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

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.