Walmart Inc. (NYSE:WMT) CEO Sells $2,697,464.88 in Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value of $2,689,601.40.
• On Wednesday, November 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56.

Walmart Price Performance

Shares of Walmart stock opened at $94.84 on Monday. The stock has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. The firm’s 50-day moving average price is $92.02 and its two-hundred day moving average price is $82.21. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $53.47 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tempus Wealth Planning LLC lifted its position in shares of Walmart by 1.8% during the fourth quarter. Tempus Wealth Planning LLC now owns 24,489 shares of the retailer’s stock worth $2,213,000 after purchasing an additional 428 shares in the last quarter. Flavin Financial Services Inc. acquired a new position in Walmart during the 4th quarter worth $3,539,000. First Dallas Securities Inc. boosted its position in Walmart by 0.4% in the 4th quarter. First Dallas Securities Inc. now owns 29,536 shares of the retailer’s stock valued at $2,669,000 after buying an additional 125 shares during the last quarter. Calamos Wealth Management LLC increased its stake in shares of Walmart by 0.3% in the 4th quarter. Calamos Wealth Management LLC now owns 253,632 shares of the retailer’s stock valued at $22,916,000 after buying an additional 791 shares during the period. Finally, Patron Partners LLC raised its position in shares of Walmart by 7.0% during the fourth quarter. Patron Partners LLC now owns 15,397 shares of the retailer’s stock worth $1,391,000 after acquiring an additional 1,008 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WMT. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI raised their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

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.