Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 stock was 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 shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56.
Walmart Stock Performance
Shares of Walmart stock traded up $1.03 on Friday, hitting $94.84. The stock had a trading volume of 14,969,066 shares, compared to its average volume of 12,195,606. The stock has a market cap of $761.90 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The business's 50 day moving average is $92.02 and its two-hundred day moving average is $82.13. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $53.47 and a twelve month high of $96.18.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the firm earned $0.51 earnings per share. Walmart's revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.
Wall Street Analyst Weigh In
WMT has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Guggenheim raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, StockNews.com lowered shares of Walmart from a "strong-buy" rating to a "buy" rating in a research 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.69.
Check Out Our Latest Report on WMT
Institutional Investors Weigh In On Walmart
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart during the 4th quarter worth $32,000. Finally, Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter worth about $33,000. 26.76% of the stock is currently owned by institutional investors.
About Walmart
(
Get Free Report)
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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