Insider Selling: Walmart Inc. (NYSE:WMT) CEO Sells 19,416 Shares of Stock

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the completion of the sale, the chief executive officer now directly owns 4,431,783 shares in the company, valued at $430,724,989.77. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, May 22nd, C Douglas Mcmillon sold 29,148 shares of Walmart stock. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84.
• On Thursday, April 24th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $94.19, for a total value of $2,743,189.56.

Walmart Trading Up 1.4%

Walmart stock traded up $1.39 during trading hours on Friday, hitting $97.41. The stock had a trading volume of 31,424,069 shares, compared to its average volume of 18,020,785. The business's 50 day simple moving average is $96.71 and its 200-day simple moving average is $94.22. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The stock has a market cap of $777.37 billion, a price-to-earnings ratio of 41.63, a P/E/G ratio of 4.75 and a beta of 0.69. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. On average, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. UBS Group cut their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Evercore ISI upped their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Citigroup restated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $106.50.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently made changes to their positions in the stock. LaFleur & Godfrey LLC increased its stake in shares of Walmart by 1.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after acquiring an additional 992 shares in the last quarter. Eagle Capital Management LLC raised its holdings in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after acquiring an additional 485 shares in the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in Walmart by 1.6% in the fourth quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer's stock valued at $831,000 after acquiring an additional 142 shares during the period. Institutional investors own 26.76% of the company's stock.

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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