Walmart Inc. (NYSE:WMT - Get Free Report) CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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 stock was sold at an average price of $85.63, for a total transaction 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 Stock Performance
Shares of WMT opened at $95.16 on Tuesday. 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 stock has a 50 day moving average price of $90.40 and a two-hundred day moving average price of $91.02. The firm has a market capitalization of $762.88 billion, a P/E ratio of 39.49, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52 week low of $58.58 and a 52 week high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $178.83 billion. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. Walmart's payout ratio is presently 39.00%.
Hedge Funds Weigh In On Walmart
Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock valued at $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Virtu Financial LLC purchased a new position in Walmart in the third quarter valued at approximately $541,000. SOA Wealth Advisors LLC. lifted its stake in Walmart by 4.2% in the third quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer's stock valued at $731,000 after purchasing an additional 364 shares during the last quarter. Aldebaran Financial Inc. lifted its stake in Walmart by 10.9% in the third quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer's stock valued at $1,797,000 after purchasing an additional 2,191 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new position in Walmart in the third quarter valued at approximately $504,000. Hedge funds and other institutional investors own 26.76% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Guggenheim reiterated a "buy" rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. StockNews.com lowered Walmart from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Three 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.
Read Our Latest Research Report on Walmart
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
