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

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, December 26th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40.
• On Wednesday, November 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56.

Walmart Stock Up 1.1 %

Shares of NYSE:WMT opened at $94.84 on Friday. The firm has a 50 day simple moving average of $91.81 and a 200 day simple moving average of $81.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 52 week low of $53.47 and a 52 week high of $96.18. The company has a market cap of $761.90 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Hedge Funds Weigh In On Walmart

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd lifted its position in shares of Walmart by 112.3% during the second quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock worth $3,376,000 after purchasing an additional 26,379 shares in the last quarter. AXA S.A. raised its stake in shares of Walmart by 4.6% during the second quarter. AXA S.A. now owns 856,755 shares of the retailer’s stock worth $58,011,000 after buying an additional 37,585 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Walmart by 5.1% in the second quarter. AQR Capital Management LLC now owns 4,187,908 shares of the retailer’s stock valued at $283,563,000 after buying an additional 203,626 shares during the period. Employees Retirement System of Texas grew its holdings in Walmart by 20.9% during the 2nd quarter. Employees Retirement System of Texas now owns 1,465,762 shares of the retailer’s stock worth $99,247,000 after acquiring an additional 253,762 shares during the period. Finally, Drucker Wealth 3.0 LLC bought a new stake in shares of Walmart during the 2nd quarter valued at $275,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Guggenheim upped their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Citigroup lifted their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Telsey Advisory Group lifted their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Truist Financial lifted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Company Profile

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.