Walmart Inc. (NYSE:WMT) CEO Sells $1,748,313.72 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 Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, March 28th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $60.45, for a total transaction of $1,760,545.80.
• On Thursday, February 22nd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40.

Walmart Stock Down 0.9 %

Shares of WMT opened at $58.84 on Thursday. The firm has a market capitalization of $474.24 billion, a P/E ratio of 30.75, a P/E/G ratio of 3.93 and a beta of 0.49. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $60.01 and a 200-day moving average price of $55.92.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.36 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is presently 43.38%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WMT. Telsey Advisory Group restated an “outperform” rating and set a $68.00 target price on shares of Walmart in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research report on Friday, February 16th. Stifel Europe lifted their price objective on shares of Walmart from $56.33 to $58.33 in a research report on Friday, February 16th. Tigress Financial lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Evercore ISI reduced their price objective on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

Institutional Trading of Walmart

A number of hedge funds have recently added to or reduced their stakes in the business. Harbor Advisors LLC lifted its stake in Walmart by 200.0% in the first quarter. Harbor Advisors LLC now owns 33,000 shares of the retailer’s stock worth $1,986,000 after acquiring an additional 22,000 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Walmart by 200.6% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 58,290 shares of the retailer’s stock worth $3,507,000 after acquiring an additional 38,900 shares during the period. Crown Wealth Group LLC lifted its stake in Walmart by 218.8% in the first quarter. Crown Wealth Group LLC now owns 5,557 shares of the retailer’s stock worth $334,000 after acquiring an additional 3,814 shares during the period. Members Capital Advisors Inc. lifted its stake in Walmart by 200.0% in the first quarter. Members Capital Advisors Inc. now owns 4,476 shares of the retailer’s stock worth $269,000 after acquiring an additional 2,984 shares during the period. Finally, Lewis Asset Management LLC lifted its stake in Walmart by 215.6% in the first quarter. Lewis Asset Management LLC now owns 4,157 shares of the retailer’s stock worth $250,000 after acquiring an additional 2,840 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Company Profile

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.