Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon Sells 29,148 Shares of Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, April 24th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56.
• On Thursday, March 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12.
• On Thursday, February 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80.

Walmart Stock Up 0.6%

Shares of WMT opened at $96.49 on Friday. The firm has a market cap of $772.00 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The company’s fifty day moving average is $92.33 and its two-hundred day moving average is $92.90. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. 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 announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Hedge Funds Weigh In On Walmart

Hedge funds and other institutional investors have recently made changes to their positions in the business. World Investment Advisors boosted its position in shares of Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after buying an additional 19,233 shares during the period. Candriam S.C.A. grew its stake in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after buying an additional 599,257 shares in the last quarter. Modera Wealth Management LLC grew its stake in shares of Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after buying an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $1,124,000. Finally, Campbell Wealth Management acquired a new stake in shares of Walmart in the fourth quarter valued at about $359,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $102.00 price target on shares of Walmart in a research report on Friday, May 16th. Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.94.

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.