Insider Selling: Walmart Inc. (NYSE:WMT) CEO 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 dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, November 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56.
• On Thursday, October 24th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96.

Walmart Stock Performance

Shares of WMT opened at $91.66 on Monday. The company has a market cap of $736.34 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54. The firm has a 50-day moving average of $88.60 and a 200-day moving average of $78.99. Walmart Inc. has a one year low of $51.87 and a one year high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted 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. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. As a group, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. UBS Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, KeyCorp increased their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $93.69.

Institutional Investors Weigh In On Walmart

A number of large investors have recently added to or reduced their stakes in WMT. Innealta Capital LLC acquired a new stake in shares of Walmart during the 2nd quarter worth about $43,000. Fort Washington Investment Advisors Inc. OH lifted its position in Walmart by 3.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 67,159 shares of the retailer’s stock worth $4,547,000 after acquiring an additional 1,999 shares during the last quarter. Boston Financial Mangement LLC grew its position in shares of Walmart by 9.2% in the second quarter. Boston Financial Mangement LLC now owns 28,233 shares of the retailer’s stock valued at $1,912,000 after purchasing an additional 2,386 shares during the last quarter. Kings Path Partners LLC bought a new position in shares of Walmart during the second quarter worth approximately $42,000. Finally, Wolf Group Capital Advisors acquired a new stake in Walmart during the 2nd quarter worth approximately $245,000. 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.