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

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, July 25th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64.

Walmart Stock Up 0.6 %

NYSE WMT opened at $81.27 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The stock’s 50 day moving average is $74.86 and its 200 day moving average is $67.85. The stock has a market cap of $653.27 billion, a PE ratio of 34.78, a P/E/G ratio of 4.00 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. Research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Legal & General Group Plc increased its position in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Raymond James & Associates raised its stake in Walmart by 16.0% during the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after purchasing an additional 2,246,656 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. HSBC increased their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Barclays lifted their price objective on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, UBS Group upped their target price on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $81.62.

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.