Walmart Director C Douglas Mcmillon Sells $2.4M in Shares

Insider sale represents 0.48% decrease in Mcmillon's Walmart holdings

Mar. 3, 2026 at 7:39am

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Walmart Inc. (NASDAQ:WMT) Director C Douglas Mcmillon sold 19,416 shares of the company's stock on Thursday, February 26th. The shares were sold at an average price of $126.71, for a total transaction value of $2,460,201.36. Following the sale, Mcmillon still directly owns 4,023,209 shares in Walmart, valued at approximately $509,780,812.39.

Why it matters

Insider transactions, particularly large sales by company directors, can provide valuable insights into market sentiment and management's views on the company's prospects. Mcmillon's sale, representing a 0.48% decrease in his Walmart holdings, may signal that he believes the stock is overvalued at current levels.

The details

The transaction was disclosed in a filing with the Securities and Exchange Commission. Mcmillon has made similar sales of Walmart stock in recent months, including 19,416 shares sold on January 22nd for $2,313,804.72 and 19,416 shares sold on December 26th for $2,171,291.28.

  • The shares were sold on Thursday, February 26th, 2026.
  • Mcmillon also sold 19,416 shares on Thursday, January 22nd, 2026.
  • Mcmillon previously sold 19,416 shares on Friday, December 26th, 2025.

The players

C Douglas Mcmillon

Walmart Director who sold $2.4 million worth of Walmart shares in the latest transaction.

Walmart Inc.

A multinational retail corporation that operates a broad portfolio of store formats and digital services, including large-format supercenters, discount department stores, neighborhood grocery stores, and a membership warehouse chain.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Insider transactions can provide valuable insights into a company's prospects, and Mcmillon's sale of Walmart shares may signal that he believes the stock is overvalued at current levels. However, it's important to consider the broader context and not draw conclusions from a single transaction.