C Douglas Mcmillon Sells 19,416 Shares of Walmart Inc. (NYSE:WMT) Stock

Key Points

• C. Douglas McMillon, the CEO of Walmart Inc., sold 19,416 shares of the company stock for approximately $1.86 million, decreasing his ownership to 4.41 million shares.
• Walmart's recent earnings report showed a quarterly revenue of $165.61 billion, surpassing analysts' expectations and reflecting a year-over-year growth of 2.5%.
• The company declared a dividend of $0.235 per share, which was paid out to shareholders on May 27th, representing a dividend yield of 0.95%.

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, June 26th, C Douglas Mcmillon sold 19,416 shares of Walmart stock. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04.
• 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 transaction of $2,815,113.84.

Walmart Stock Performance

Walmart stock traded up $0.27 during mid-day trading on Thursday, hitting $97.86. 1,490,507 shares of the company's stock traded hands, compared to its average volume of 19,074,486. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a market cap of $780.96 billion, a price-to-earnings ratio of 41.81, a P/E/G ratio of 4.73 and a beta of 0.68. The firm has a 50 day simple moving average of $96.78 and a two-hundred day simple moving average of $94.93.

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

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Horizon Financial Services LLC grew its holdings in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the period. Operose Advisors LLC raised its position in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after purchasing an additional 243 shares during the period. PFS Partners LLC raised its position in Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer's stock valued at $31,000 after purchasing an additional 233 shares during the period. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after buying an additional 294 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

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.