Walmart (NASDAQ:WMT) CEO Sells $2,171,291.28 in Stock

Walmart Inc. (NASDAQ:WMT) CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $111.83, for a total value of $2,171,291.28. Following the sale, the chief executive officer owned 4,315,333 shares of the company’s stock, valued at approximately $482,583,689.39. This trade represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, November 28th, C Douglas Mcmillon sold 19,416 shares of Walmart stock. The shares were sold at an average price of $109.57, for a total transaction of $2,127,411.12.
• On Thursday, October 23rd, C Douglas Mcmillon sold 19,416 shares of Walmart stock. The shares were sold at an average price of $107.18, for a total value of $2,081,006.88.

Walmart Price Performance

Shares of NASDAQ WMT traded up $0.79 during trading hours on Monday, reaching $112.53. 12,536,885 shares of the stock traded hands, compared to its average volume of 18,732,826. The company has a market capitalization of $896.88 billion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 5.16 and a beta of 0.64. The company’s 50-day simple moving average is $108.13 and its two-hundred day simple moving average is $102.61. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $117.45.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The firm had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. During the same period last year, the firm posted $0.58 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WMT shares. Guggenheim reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Walmart in a research note on Friday, November 21st. Bank of America raised their price target on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Evercore ISI set a $120.00 price objective on shares of Walmart and gave the company an “outperform” rating in a research report on Tuesday, December 16th. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 price objective (up from $111.00) on shares of Walmart in a research note on Friday, November 21st. Finally, Truist Financial set a $127.00 target price on Walmart in a research note on Wednesday, December 17th. Thirty-two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $120.69.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Walmart by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 435,652,710 shares of the retailer’s stock valued at $44,898,368,000 after buying an additional 3,835,200 shares in the last quarter. State Street Corp grew its stake in shares of Walmart by 1.2% in the third quarter. State Street Corp now owns 184,805,978 shares of the retailer’s stock worth $19,046,104,000 after acquiring an additional 2,242,364 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after acquiring an additional 104,488,610 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Walmart by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after purchasing an additional 263,718 shares during the last quarter. Finally, Norges Bank bought a new position in Walmart in the 2nd quarter worth about $5,367,770,000. Institutional investors own 26.76% of the company’s stock.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.