Insider Selling: Walmart (NASDAQ:WMT) CEO Sells 19,416 Shares of Stock

Walmart Inc. (NASDAQ:WMT) CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $119.17, for a total transaction of $2,313,804.72. Following the completion of the sale, the chief executive officer owned 4,274,856 shares in the company, valued at $509,434,589.52. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, December 26th, C Douglas Mcmillon sold 19,416 shares of Walmart stock. The stock was sold at an average price of $111.83, for a total value of $2,171,291.28.
• On Friday, November 28th, C Douglas Mcmillon sold 19,416 shares of Walmart stock. The shares were sold at an average price of $109.57, for a total value of $2,127,411.12.

Walmart Stock Performance

NASDAQ:WMT traded down $0.10 during midday trading on Friday, hitting $117.73. The company’s stock had a trading volume of 20,793,166 shares, compared to its average volume of 54,105,066. The firm has a market cap of $938.33 billion, a P/E ratio of 41.16, a P/E/G ratio of 5.09 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $121.62. The firm’s 50 day moving average is $112.76 and its 200-day moving average is $105.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The firm had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. During the same period in the previous year, the firm earned $0.58 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on WMT. DA Davidson set a $130.00 target price on Walmart and gave the stock a “buy” rating in a research note on Friday, November 21st. Truist Financial set a $127.00 target price on Walmart in a research note on Wednesday, December 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Walmart in a report on Tuesday, December 9th. Evercore ISI set a $120.00 target price on Walmart and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Walmart in a research note on Wednesday, January 14th. Thirty-two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.20.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently modified their holdings of WMT. Norges Bank purchased a new position in Walmart in the second quarter valued at approximately $5,367,770,000. Laurel Wealth Advisors LLC raised its position in shares of Walmart by 9,648.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock valued at $1,123,138,000 after purchasing an additional 11,368,549 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Walmart by 188.1% during the 3rd quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock valued at $1,199,907,000 after buying an additional 7,614,172 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after buying an additional 5,856,468 shares in the last quarter. Finally, Amundi increased its stake in shares of Walmart by 20.5% in the third quarter. Amundi now owns 23,497,921 shares of the retailer’s stock worth $2,413,236,000 after buying an additional 4,004,277 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.