Legacy Financial Advisors Inc. Grows Stake in Walmart Inc. (NYSE:WMT)

Legacy Financial Advisors Inc. raised its position in Walmart Inc. (NYSE:WMT) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,263 shares of the retailer’s stock after acquiring an additional 1,191 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Walmart were worth $2,373,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares during the last quarter. Toronto Dominion Bank grew its position in Walmart by 3.1% in the third quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer’s stock worth $188,742,000 after acquiring an additional 71,075 shares during the period. Soltis Investment Advisors LLC boosted its position in shares of Walmart by 31.9% during the third quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer’s stock worth $946,000 after buying an additional 2,831 shares during the period. TCW Group Inc. raised its stake in shares of Walmart by 140.1% in the third quarter. TCW Group Inc. now owns 151,115 shares of the retailer’s stock valued at $12,203,000 after acquiring an additional 88,177 shares in the last quarter. Finally, Second Line Capital LLC raised its stake in Walmart by 6.0% in the third quarter. Second Line Capital LLC now owns 46,450 shares of the retailer’s stock valued at $3,751,000 after buying an additional 2,614 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 9.8 %

Shares of WMT opened at $89.77 on Thursday. The company’s fifty day simple moving average is $92.76 and its 200-day simple moving average is $89.73. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market cap of $719.67 billion, a P/E ratio of 37.25, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Analyst Ratings Changes

Several brokerages have recently commented on WMT. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. UBS Group reiterated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Truist Financial raised their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.67.

Walmart Company 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.