Walmart Inc. (NYSE:WMT) CEO Sells $1,855,781.28 in 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 the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the sale, the chief executive officer owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. The trade was a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 transaction of $1,887,041.04.
• On Thursday, May 22nd, C Douglas Mcmillon sold 29,148 shares of Walmart stock. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84.

Walmart Stock Performance

Shares of WMT stock traded up $0.10 on Monday, hitting $97.57. 12,285,475 shares of the stock traded hands, compared to its average volume of 19,275,752. 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 company's fifty day moving average is $96.76 and its 200 day moving average is $94.86. The company has a market capitalization of $778.65 billion, a PE ratio of 41.70, a PEG ratio of 4.69 and a beta of 0.68. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30.

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

Walmart Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a dividend 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 subject of a number of analyst reports. Raymond James Financial decreased their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, KeyCorp boosted their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Institutional Investors Weigh In On Walmart

Several large investors have recently made changes to their positions in WMT. Eagle Capital Management LLC lifted its position in Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC lifted its stake in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC lifted its stake in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE grew its stake in shares of Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares during the period. Finally, Tucker Asset Management LLC lifted its position in shares of Walmart by 88.2% during the 4th quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer's stock worth $115,000 after buying an additional 596 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.

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.