Walmart (NYSE:WMT) CEO C Douglas Mcmillon Sells 19,416 Shares

Key Points

• C. Douglas McMillon, CEO of Walmart, sold 19,416 shares of the company's stock on August 28th for approximately $1.86 million, reducing his ownership by 0.44%.
• Walmart missed earnings estimates, reporting $0.68 EPS against a consensus of $0.74, and had quarterly revenue of $169.34 billion, below the expected $174.02 billion.
• Despite recent earnings misses, Walmart's stock rating remains strong with multiple analysts giving it a Buy rating and an average target price of $110.59.

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the sale, the chief executive officer directly owned 4,392,985 shares of the company's stock, valued at approximately $421,594,770.45. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, July 24th, C Douglas Mcmillon sold 19,416 shares of Walmart stock. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28.
• 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.

Walmart Stock Performance

Shares of Walmart stock traded up $0.76 on Tuesday, reaching $97.74. 15,325,962 shares of the stock were exchanged, compared to its average volume of 18,104,100. The business has a fifty day moving average price of $98.10 and a two-hundred day moving average price of $95.26. The firm has a market capitalization of $779.97 billion, a PE ratio of 36.74, a PEG ratio of 4.66 and a beta of 0.65. Walmart Inc. has a 1-year low of $76.30 and a 1-year high of $105.30. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. Access Investment Management LLC bought a new stake in shares of Walmart in the 2nd quarter worth approximately $26,000. Operose Advisors LLC raised its holdings in shares of Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares in the last quarter. PFS Partners LLC raised its holdings in shares of Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after purchasing an additional 233 shares in the last quarter. Bear Mountain Capital Inc. raised its holdings in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Telsey Advisory Group increased their price target on shares of Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. Truist Financial cut their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 price target (up from $108.00) on shares of Walmart in a report on Monday, August 18th. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $110.59.

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.

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