Insider Selling: Walmart Inc. (NYSE:WMT) CEO Sells 9,708 Shares of Stock

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Walmart Inc. (NYSE:WMTGet Rating) CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the completion of the sale, the chief executive officer now owns 1,507,454 shares of the company’s stock, valued at $191,522,030.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Thursday, June 23rd, C Douglas Mcmillon sold 9,708 shares of Walmart stock. The stock was sold at an average price of $122.13, for a total transaction of $1,185,638.04.
  • On Thursday, May 26th, C Douglas Mcmillon sold 9,708 shares of Walmart stock. The stock was sold at an average price of $125.61, for a total transaction of $1,219,421.88.

Walmart Trading Up 1.8 %

Shares of WMT stock opened at $132.05 on Friday. The company’s 50-day moving average price is $124.86 and its 200-day moving average price is $137.52. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The stock has a market cap of $361.97 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 3.75 and a beta of 0.52. Walmart Inc. has a twelve month low of $117.27 and a twelve month high of $160.77.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The company had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. During the same period in the previous year, the company earned $1.69 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 6.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on WMT shares. Guggenheim lowered their target price on shares of Walmart from $175.00 to $155.00 and set a “maintains” rating for the company in a research note on Tuesday, July 26th. Cowen decreased their price objective on shares of Walmart from $180.00 to $150.00 and set a “maintains” rating for the company in a research note on Tuesday, July 26th. Piper Sandler started coverage on shares of Walmart in a research note on Friday, July 22nd. They set a “neutral” rating and a $135.00 price objective for the company. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walmart from $166.00 to $142.00 and set a “maintains” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $145.33.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WMT. Cordant Inc. acquired a new position in Walmart in the first quarter valued at about $25,000. Conrad Siegel Investment Advisors Inc. purchased a new stake in Walmart during the first quarter worth about $27,000. Industrial Alliance Investment Management Inc. purchased a new stake in Walmart during the fourth quarter worth about $28,000. Ulland Investment Advisors LLC increased its stake in Walmart by 442.9% during the first quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock worth $28,000 after purchasing an additional 155 shares during the period. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Walmart during the first quarter worth about $28,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Walmart Company Profile

(Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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