Legacy Financial Group LLC Invests $429,000 in Walmart Inc. (NYSE:WMT)

Legacy Financial Group LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,136 shares of the retailer’s stock, valued at approximately $429,000.

Other hedge funds have also recently bought and sold shares of the company. Northwest Capital Management Inc grew its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Partnership Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the fourth quarter worth about $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in Walmart in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the completion of the sale, the executive vice president now directly owns 645,517 shares in the company, valued at $39,253,888.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total value of $798,131.25. Following the transaction, the executive vice president now owns 645,517 shares of the company’s stock, valued at $39,253,888.77. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock worth $950,549,592 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.1 %

WMT opened at $67.91 on Friday. The company has a market capitalization of $546.24 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The business has a 50-day moving average of $63.23 and a 200-day moving average of $58.70. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $68.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. Equities research analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on WMT. Jefferies Financial Group lifted their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Roth Mkm lifted their price target on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Bank of America increased their price objective on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group upped their target price on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Tigress Financial lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

About Walmart

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.