C Douglas Mcmillon Sells 9,708 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMTGet Rating) CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $134.04, for a total transaction of $1,301,260.32. Following the completion of the sale, the chief executive officer now directly owns 1,488,043 shares in the company, valued at $199,457,283.72. The sale 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 Thursday, August 25th, C Douglas Mcmillon sold 9,708 shares of Walmart stock. The shares were sold at an average price of $135.63, for a total transaction of $1,316,696.04.
  • On Thursday, July 28th, C Douglas Mcmillon sold 9,708 shares of Walmart stock. The shares were sold at an average price of $127.05, for a total transaction of $1,233,401.40.

Walmart Stock Performance

Shares of WMT opened at $130.06 on Friday. The company has a 50-day simple moving average of $132.62 and a 200-day simple moving average of $136.04. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $353.01 billion, a PE ratio of 25.96, a P/E/G ratio of 4.15 and a beta of 0.52. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. The business had revenue of $152.86 billion during the quarter, compared to the consensus estimate of $149.96 billion. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 EPS. Equities research analysts predict that Walmart Inc. will post 5.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Walmart

A number of large investors have recently made changes to their positions in the stock. Trust Co. of Virginia VA grew its position in shares of Walmart by 0.4% during the 1st quarter. Trust Co. of Virginia VA now owns 14,848 shares of the retailer’s stock worth $2,211,000 after buying an additional 64 shares during the period. Mayflower Financial Advisors LLC grew its position in shares of Walmart by 2.5% during the 1st quarter. Mayflower Financial Advisors LLC now owns 2,646 shares of the retailer’s stock worth $394,000 after buying an additional 65 shares during the period. Integral Investment Advisors Inc. grew its position in shares of Walmart by 1.4% during the 1st quarter. Integral Investment Advisors Inc. now owns 4,802 shares of the retailer’s stock worth $715,000 after buying an additional 66 shares during the period. One Charles Private Wealth Services LLC grew its position in shares of Walmart by 2.2% during the 1st quarter. One Charles Private Wealth Services LLC now owns 3,086 shares of the retailer’s stock worth $460,000 after buying an additional 66 shares during the period. Finally, Bank of New Hampshire grew its position in shares of Walmart by 0.4% during the 1st quarter. Bank of New Hampshire now owns 15,806 shares of the retailer’s stock worth $2,354,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 31.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WMT shares. DA Davidson increased their price objective on shares of Walmart from $148.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Robert W. Baird increased their target price on shares of Walmart from $140.00 to $155.00 in a research report on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Piper Sandler initiated coverage on shares of Walmart in a research report on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 target price on the stock. Finally, UBS Group increased their target price on shares of Walmart from $152.00 to $158.00 in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $151.41.

Walmart Company Profile

(Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

See Also

Insider Buying and Selling by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.