Insider Selling: Walmart Inc. (NYSE:WMT) CEO Sells 29,124 Shares of Stock

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40.
• On Wednesday, November 27th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56.

Walmart Stock Performance

NYSE:WMT traded up $1.03 on Friday, hitting $94.84. The company’s stock had a trading volume of 14,969,066 shares, compared to its average volume of 15,309,261. Walmart Inc. has a one year low of $53.47 and a one year high of $96.18. The firm has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The stock has a fifty day moving average of $91.81 and a two-hundred day moving average of $81.95. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Guggenheim raised their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter valued at about $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Hoese & Co LLP bought a new position in shares of Walmart during the third quarter worth approximately $33,000. Institutional investors and hedge funds 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.