President and CEO of Wal-Mart Stores, Inc Doug McMillon speaks onstage at the 2017 ESSENCE Festival presented by Coca-Cola at Ernest N. Morial Convention Center on June 30, 2017 in New Orleans, Louisiana.Paras Griffin/Getty Images for 2017 ESSENCE Festival
- Walmart is planning to buy back $20 billion of its own shares over the next two years.
- But its $16 billion Flipkart acquisition could put a dent in those plans, according to RBC Capital Markets analyst Scot Ciccarelli.
- Watch Walmart trade in real time here.
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