Bentonville, Ark.—Walmart Inc. (NYSE:WMT), the $738 billion market cap retail giant and prominent player in the Consumer Staples industry, saw its President and CEO Douglas McMillon recently sell 29,124 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The sale, executed on December 26, was carried out at an average price of $92.3549 per share, amounting to approximately $2.7 million. According to InvestingPro analysis, the stock appears to be trading near its Fair Value.
Following this transaction, McMillon holds 3,785,702 shares directly. Additionally, he maintains indirect ownership of various shares through trusts and a 401(k) plan, including 415,203 shares by a trust for children and 395,970 shares by his wife's trust for children and himself. The stock has delivered impressive returns, with a 78% gain year-to-date, while maintaining its 52-year streak of consecutive dividend payments.
The sale was executed in multiple trades with prices ranging from $92.29 to $92.43 per share. According to the filing, McMillon remains committed to providing further details on the transaction upon request. For deeper insights into Walmart's financial health, valuation metrics, and 15 additional exclusive ProTips, visit InvestingPro, where you'll find comprehensive research reports and expert analysis.
In other recent news, Walmart Inc. has been involved in several significant developments. The company, along with its fintech partner, Branch Messenger Inc., is facing allegations from the Consumer Financial Protection Bureau (CFPB) for opening costly bank accounts for delivery drivers without their consent. In response to these charges, the CFPB has filed a lawsuit against both companies.
On the financial side, KeyBanc Capital Markets has spotlighted Walmart as a top stock pick for 2025, noting the company's impressive market share growth and consistent dividend payments. Similarly, Tigress Financial Partners has raised its 12-month price target for Walmart to $115, maintaining its buy rating due to a strong growth trajectory.
In an analysis by TD Cowen, FedEx (NYSE:FDX), a Walmart partner, was highlighted as better positioned for profitability in the e-commerce sector, particularly through cost-saving measures. Bernstein, a division of SocGen Group, also maintained an Outperform rating on Walmart, expressing confidence in the retail giant's potential to capitalize on its scale, particularly in the e-commerce sector.
These recent developments highlight the ongoing financial and legal events surrounding Walmart. However, it's important to note that these are only the latest updates and further developments are expected.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.