Legacy Financial Advisors Inc. Boosts Holdings in Walmart Inc. (NYSE:WMT)

Legacy Financial Advisors Inc. lifted its stake in Walmart Inc. (NYSE:WMT) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,615 shares of the retailer’s stock after purchasing an additional 812 shares during the period. Legacy Financial Advisors Inc.’s holdings in Walmart were worth $1,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. AHL Investment Management Inc. lifted its position in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares during the period. Core Wealth Advisors Inc. grew its position in Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares during the period. Liberty Wealth Management LLC bought a new stake in Walmart during the first quarter valued at approximately $270,000. Commerce Bank grew its position in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after buying an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after buying an additional 200,947 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

NYSE:WMT opened at $79.06 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.02. The stock has a market capitalization of $635.92 billion, a PE ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. The company has a fifty day moving average of $73.44 and a two-hundred day moving average of $66.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Guggenheim boosted their target price on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial boosted their price objective on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, KeyCorp upped their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the sale, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock valued at $959,826,083 over the last 90 days. 45.58% of the stock is owned by company insiders.

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.