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

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, 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 legal filing with the SEC, 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 stock was sold at an average price of $60.45, for a total transaction of $1,760,545.80.
• On Thursday, February 22nd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40.

Walmart Trading Up 0.1 %

WMT stock traded up $0.08 during trading on Monday, reaching $60.24. 9,786,780 shares of the stock were exchanged, compared to its average volume of 18,760,758. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $59.91 and a 200-day moving average price of $55.81. Walmart Inc. has a 1 year low of $48.34 and a 1 year high of $61.65. The firm has a market capitalization of $485.52 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 3.93 and a beta of 0.49.

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

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders 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 dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is presently 43.38%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMT. Telsey Advisory Group reissued an “outperform” rating and set a $68.00 target price on shares of Walmart in a research report on Wednesday, March 27th. Evercore ISI dropped their target price on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Tigress Financial boosted their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently made changes to their positions in WMT. Seven Mile Advisory grew its stake in Walmart by 1.6% during the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after acquiring an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC lifted its holdings in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares during the last quarter. ICW Investment Advisors LLC lifted its holdings in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the last quarter. Avaii Wealth Management LLC lifted its holdings in shares of Walmart by 3.4% during the 3rd quarter. Avaii Wealth Management LLC now owns 1,908 shares of the retailer’s stock valued at $305,000 after buying an additional 63 shares during the last quarter. Finally, Bill Few Associates Inc. lifted its holdings in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after buying an additional 64 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.