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

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the sale, the chief executive officer now owns 4,480,347 shares of the company's stock, valued at approximately $422,003,883.93. This trade represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12.
• On Thursday, February 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80.

Walmart Stock Performance

WMT traded down $0.01 during trading hours on Thursday, reaching $97.24. The company's stock had a trading volume of 6,875,574 shares, compared to its average volume of 21,236,598. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company's 50-day moving average is $90.43 and its 200-day moving average is $91.10. Walmart Inc. has a 52 week low of $58.58 and a 52 week high of $105.30. The firm has a market cap of $778.03 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.97%. Walmart's payout ratio is currently 39.00%.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price objective on shares of Walmart in a report on Thursday, April 10th. Roth Mkm restated a "buy" rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Wells Fargo & Company upped their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. UBS Group reduced their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $103.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors increased its holdings in shares of Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. increased its stake in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Bank of New Hampshire raised its holdings in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after acquiring an additional 9,292 shares during the period. Finally, Iowa State Bank grew its holdings in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after purchasing an additional 18,263 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

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.