Walmart Inc. (NYSE:WMT) CEO Sells $2,056,445.64 in Stock

Walmart Inc. (NYSE:WMT) 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.

Walmart (NYSE:WMT) last posted its earnings results 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 net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current year.

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.

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.