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 on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 value of $2,697,464.88.

Walmart Trading Up 1.0 %

NYSE WMT traded up $0.91 during trading on Tuesday, reaching $88.70. 16,147,576 shares of the stock traded hands, compared to its average volume of 16,966,053. The stock's 50-day moving average price is $94.54 and its 200 day moving average price is $89.46. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $711.10 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 issued its quarterly earnings data 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 business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Institutional Investors Weigh In On Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $2,306,627,000. Jennison Associates LLC grew its holdings in shares of Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after acquiring an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the subject of a number of recent analyst reports. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Citigroup restated a "positive" rating on shares of Walmart in a report on Thursday, February 20th. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Guggenheim reissued a "buy" rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.17.

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.