Atlas Legacy Advisors LLC Invests $774,000 in Walmart Inc. (NYSE:WMT)

Atlas Legacy Advisors LLC bought a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 8,572 shares of the retailer’s stock, valued at approximately $774,000.

A number of other large investors have also recently made changes to their positions in the business. Bank of Jackson Hole Trust bought a new position in Walmart during the 4th quarter valued at about $1,211,000. Lorne Steinberg Wealth Management Inc. bought a new position in Walmart during the 4th quarter valued at about $216,000. Klingman & Associates LLC grew its holdings in Walmart by 2.9% during the 4th quarter. Klingman & Associates LLC now owns 9,159 shares of the retailer’s stock valued at $828,000 after purchasing an additional 262 shares during the last quarter. Prossimo Advisors LLC grew its holdings in Walmart by 12.0% during the 4th quarter. Prossimo Advisors LLC now owns 25,725 shares of the retailer’s stock valued at $2,324,000 after purchasing an additional 2,754 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in Walmart during the 4th quarter valued at about $1,484,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Shares of WMT opened at $103.73 on Wednesday. The company has a 50 day moving average price of $95.38 and a 200-day moving average price of $86.05. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The stock has a market capitalization of $833.31 billion, a PE ratio of 42.57, a PEG ratio of 4.30 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. Equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Telsey Advisory Group upped their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. TD Cowen upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird upped their price target on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $101.87.

Walmart Profile

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