Walmart CEO Doug McMillon sells $2.8 million in stock

Walmart Inc. (NYSE:WMT), the retail giant with a market capitalization of $792 billion and an impressive 64% return over the past year, saw its President and CEO Doug McMillon recently sell 29,124 shares of the company’s common stock, according to a regulatory filing dated February 27, 2025. The shares were sold at an average price of $96.9505, within a range of $96.72 to $97.185 per share, totaling approximately $2.82 million. This transaction was executed under a pre-established Rule 10b5-1 trading plan, which was disclosed in a Form 8-K filing on February 24, 2023. Following this sale, McMillon retains direct ownership of 3,558,247.18 shares. According to InvestingPro analysis, Walmart is currently trading at a relatively high P/E ratio of 40.5, suggesting the stock may be overvalued at current levels. For deeper insights into insider trading patterns and comprehensive valuation metrics, subscribers can access the full Walmart Pro Research Report, one of 1,400+ detailed company analyses available on InvestingPro.

In other recent news, Walmart reported fourth-quarter earnings per share (EPS) of 66 cents, slightly surpassing Wall Street’s expectations of 65 cents. Despite this, the company’s fiscal year 2026 guidance was conservative, projecting an EPS of 57-58 cents for the first quarter and $2.50-2.60 for the full year, which fell short of analysts’ estimates. UBS maintained a Buy rating on Walmart while lowering its price target to $112, citing the retailer’s significant market share gains and growth in alternative business ventures. TD Cowen also retained a Buy rating and raised its price target to $115, emphasizing Walmart’s strategic focus on high-margin sectors like the marketplace and advertising. RBC Capital adjusted its price target to $107, maintaining an Outperform rating, noting that Walmart’s guidance fell short of high expectations but did not alter the fundamental outlook. BMO Capital Markets maintained an Outperform rating with a $110 price target, highlighting Walmart’s market share gains and growth in digital and advertising sectors. In addition to financial developments, Walmart and Sam’s Club launched their annual "Fight Hunger. Spark Change." campaign, continuing a long-standing partnership with Feeding America to combat food insecurity. This initiative has resulted in over 9 billion pounds of food donations and $271 million in contributions since its inception.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.