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

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the completion of the sale, the chief executive officer now owns 4,480,347 shares in the company, valued at $422,003,883.93. The trade was a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, March 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12.
• On Thursday, February 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80.

Walmart Trading Up 0.1 %

Shares of WMT traded up $0.07 during mid-day trading on Monday, reaching $95.16. The company had a trading volume of 12,914,881 shares, compared to its average volume of 17,810,577. The stock has a market cap of $762.88 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $90.58 and a 200-day simple moving average of $90.91. Walmart Inc. has a fifty-two week low of $58.58 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart's dividend payout ratio (DPR) is 39.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. KeyCorp increased their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Mizuho initiated coverage on Walmart in a research report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price target on the stock. Evercore ISI decreased their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.58.

Hedge Funds Weigh In On Walmart

Several large investors have recently modified their holdings of WMT. TKG Advisors LLC acquired a new position in Walmart in the first quarter worth $1,036,000. North Capital Inc. bought a new position in shares of Walmart during the first quarter valued at approximately $187,000. Barlow Wealth Partners Inc. increased its holdings in shares of Walmart by 36.1% in the 1st quarter. Barlow Wealth Partners Inc. now owns 4,898 shares of the retailer's stock worth $466,000 after acquiring an additional 1,299 shares during the period. D.A. Davidson & CO. grew its position in Walmart by 6.4% in the 1st quarter. D.A. Davidson & CO. now owns 394,203 shares of the retailer's stock worth $34,607,000 after purchasing an additional 23,648 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in Walmart by 10.5% in the 1st quarter. Mutual Advisors LLC now owns 126,771 shares of the retailer's stock valued at $12,055,000 after acquiring an additional 12,011 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.

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