Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon Sells 29,124 Shares

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company's stock, valued at $241,239,559.50. The sale was disclosed in a filing with the SEC, which is available at this link.

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

Walmart Stock Performance

NYSE WMT traded up $0.08 during trading on Monday, reaching $60.24. 9,786,780 shares of the company's stock were exchanged, compared to its average volume of 18,760,758. The business has a 50 day moving average price of $59.91 and a 200-day moving average price of $55.81. The stock has a market capitalization of $485.52 billion, a P/E ratio of 31.42, a PEG ratio of 3.93 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, December 13th. Walmart's dividend payout ratio is currently 43.38%.

Institutional Investors Weigh In On Walmart

A number of large investors have recently added to or reduced their stakes in WMT. Vanguard Group Inc. boosted its holdings in shares of Walmart by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer's stock valued at $21,944,764,000 after purchasing an additional 751,713 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer's stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares during the last quarter. Morgan Stanley lifted its stake in shares of Walmart by 1.8% in the 3rd quarter. Morgan Stanley now owns 24,087,268 shares of the retailer's stock valued at $3,852,277,000 after acquiring an additional 426,388 shares during the last quarter. Norges Bank bought a new position in shares of Walmart in the 4th quarter valued at $3,674,652,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer's stock valued at $3,190,194,000 after acquiring an additional 2,150,351 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMT shares. JPMorgan Chase & Co. raised their price target on Walmart from $54.33 to $58.67 and gave the company a "neutral" rating in a report on Monday, February 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $62.00 to $63.33 and gave the company a "buy" rating in a research note on Friday, February 16th. Tigress Financial lifted their target price on Walmart from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Stifel Nicolaus restated a "hold" rating on shares of Walmart in a research report on Wednesday, March 13th. Finally, Stifel Europe raised their price target on Walmart from $56.33 to $58.33 in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $61.75.

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.

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