Walmart Inc. (NYSE:WMT) is Family Legacy Inc.’s 7th Largest Position

Family Legacy Inc. trimmed its position in Walmart Inc. (NYSE:WMT) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,140 shares of the retailer’s stock after selling 223 shares during the period. Walmart accounts for 2.1% of Family Legacy Inc.’s portfolio, making the stock its 7th biggest position. Family Legacy Inc.’s holdings in Walmart were worth $6,163,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new stake in Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at about $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,528 shares of company stock worth $14,096,140. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 0.6 %

Shares of NYSE WMT opened at $85.08 on Monday. The business has a 50-day moving average price of $94.62 and a 200 day moving average price of $89.40. The stock has a market cap of $682.04 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, UBS Group reiterated a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

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.