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 dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 23rd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88.
• 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.

Walmart Price Performance

Shares of NYSE WMT opened at $98.65 on Friday. Walmart Inc. has a twelve month low of $58.20 and a twelve month high of $105.30. The stock’s 50 day moving average price is $95.90 and its 200-day moving average price is $87.58. The company has a market capitalization of $792.52 billion, a PE ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.95%. Walmart’s payout ratio is 39.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on WMT. Wells Fargo & Company boosted their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Royal Bank of Canada decreased their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, BMO Capital Markets boosted their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $103.07.

Hedge Funds Weigh In On Walmart

Institutional investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in Walmart in the fourth quarter valued at approximately $25,000. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter valued at approximately $26,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $27,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.