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

Walmart Inc. (NYSE:WMT) CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, July 25th, C Douglas Mcmillon sold 29,124 shares of Walmart stock. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64.

Walmart Stock Up 1.2 %

Shares of Walmart stock traded up $0.97 on Monday, reaching $80.75. 18,844,833 shares of the company were exchanged, compared to its average volume of 17,469,043. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The company has a market capitalization of $649.09 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 4.00 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $74.44 and a 200 day moving average of $67.57.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Able Wealth Management LLC bought a new stake in Walmart in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart in the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new position in Walmart in the 4th quarter valued at $48,000. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter valued at $25,000. Finally, TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. The Goldman Sachs Group boosted their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup boosted their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday. Roth Mkm boosted their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $81.62.

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.