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

Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, February 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80.
• On Thursday, January 23rd, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88.

Walmart Stock Performance

Walmart stock traded up $0.91 during midday trading on Tuesday, hitting $88.70. 22,070,021 shares of the company were exchanged, compared to its average volume of 16,996,645. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market capitalization of $711.10 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business has a fifty day simple moving average of $94.45 and a two-hundred day simple moving average of $89.51. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30.

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

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.06%. Walmart's dividend payout ratio (DPR) is 39.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMT. KeyCorp boosted their price objective 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. Barclays restated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group raised their price target on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

Institutional Trading of Walmart

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in shares of Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock valued at $503,517,000 after acquiring an additional 809,352 shares during the last quarter. Quantbot Technologies LP acquired a new position in Walmart in the 3rd quarter valued at $270,000. PDT Partners LLC purchased a new position in Walmart in the 3rd quarter valued at $538,000. Circle Wealth Management LLC boosted its stake in Walmart by 7.3% during the 3rd quarter. Circle Wealth Management LLC now owns 5,748 shares of the retailer's stock worth $464,000 after purchasing an additional 391 shares during the last quarter. Finally, Tradition Wealth Management LLC grew its holdings in shares of Walmart by 2.6% during the third quarter. Tradition Wealth Management LLC now owns 23,792 shares of the retailer's stock worth $1,921,000 after buying an additional 608 shares in the last quarter. Hedge funds and other 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.