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 firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, October 24th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96.
• On Thursday, September 26th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36.

Walmart Stock Performance

Walmart stock opened at $92.50 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The company has a market cap of $743.54 billion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $92.64. The firm’s 50 day simple moving average is $83.35 and its 200-day simple moving average is $74.82.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the 2nd quarter valued at approximately $29,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter valued at $33,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. TD Cowen lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their target price on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. KeyCorp raised their price target on shares of Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

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.