Walmart Inc. (NYSE:WMT) CEO Sells $2,663,098.56 in Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 stock was 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 transaction of $2,348,559.36.

Walmart Trading Up 0.7 %

NYSE WMT traded up $0.62 during trading on Friday, reaching $92.50. 11,041,178 shares of the stock traded hands, compared to its average volume of 16,881,605. The stock’s 50-day moving average price is $83.35 and its 200 day moving average price is $74.82. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $743.54 billion, a price-to-earnings 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.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Hedge Funds Weigh In On Walmart

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

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI raised their price objective on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Citigroup boosted their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.