Walmart Inc. (NYSE:WMT – Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The transaction 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, June 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36.
- 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.
Walmart Price Performance
Shares of Walmart stock traded down $0.23 during midday trading on Friday, hitting $69.79. 16,787,927 shares of the company traded hands, compared to its average volume of 17,377,965. The stock has a market cap of $561.36 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 4.07 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The firm’s fifty day moving average price is $67.71 and its 200-day moving average price is $61.63. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $71.33.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on WMT. Raymond James lifted their price objective on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. TD Cowen lifted their price objective 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. Oppenheimer lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.60.
View Our Latest Research Report on WMT
Institutional Investors Weigh In On Walmart
Institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter worth approximately $25,000. Northwest Capital Management Inc lifted its position in shares of Walmart by 199.3% in the 1st 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 period. TruNorth Capital Management LLC lifted its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter worth approximately $29,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $30,000. 26.76% of the stock is owned by institutional investors.
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.
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