Walmart Inc. (NYSE:WMT) CEO Sells $1,991,790.36 in Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the sale, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, May 23rd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $65.23, for a total transaction of $1,899,758.52.
• On Thursday, April 25th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $67.71 on Monday. The stock has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $64.07 and a 200 day moving average of $59.41.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walmart

A number of large investors have recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Walmart in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets upped their target price on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. The Goldman Sachs Group increased their target price on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Truist Financial boosted their target price on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. TD Cowen raised their price target on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

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.