Walmart Inc. (NYSE:WMT) CEO Sells $1,899,758.52 in Stock

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the completion of the sale, the chief executive officer now owns 3,989,526 shares in the company, valued at approximately $260,236,780.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, April 25th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72.
• 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.

Walmart Stock Performance

Shares of Walmart stock traded up $0.54 during trading on Friday, hitting $65.38. 11,658,584 shares of the company's stock were exchanged, compared to its average volume of 18,698,928. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $65.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market capitalization of $526.84 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 3.77 and a beta of 0.49. The business has a 50-day simple moving average of $60.64 and a 200-day simple moving average of $56.77.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analysts' expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. Walmart's dividend payout ratio (DPR) is currently 35.52%.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Walmart from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 17th. Oppenheimer lowered their price objective on Walmart to $67.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. Telsey Advisory Group increased their target price on Walmart from $68.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 17th. Evercore ISI lifted their price target on Walmart from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, TD Cowen increased their price objective on shares of Walmart from $68.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Walmart has an average rating of "Moderate Buy" and a consensus price target of $68.01.

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently bought and sold shares of WMT. Cetera Investment Advisers lifted its position in shares of Walmart by 591.6% in the first quarter. Cetera Investment Advisers now owns 1,682,841 shares of the retailer's stock valued at $101,256,000 after acquiring an additional 1,439,527 shares in the last quarter. Invst LLC boosted its stake in shares of Walmart by 225.0% in the first quarter. Invst LLC now owns 38,393 shares of the retailer's stock valued at $2,304,000 after purchasing an additional 26,580 shares during the period. Community Trust & Investment Co. grew its position in shares of Walmart by 198.3% during the first quarter. Community Trust & Investment Co. now owns 387,293 shares of the retailer's stock worth $23,303,000 after buying an additional 257,479 shares in the last quarter. Austin Wealth Management LLC purchased a new position in Walmart in the first quarter valued at approximately $253,000. Finally, Burney Co. raised its holdings in Walmart by 192.3% during the first quarter. Burney Co. now owns 139,168 shares of the retailer's stock worth $8,374,000 after purchasing an additional 91,550 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.