Walmart Inc. (NYSE:WMT) Stock Position Lowered by Legacy Financial Group Inc.

Legacy Financial Group Inc. lessened its position in Walmart Inc. (NYSE:WMT) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,578 shares of the retailer’s stock after selling 769 shares during the quarter. Legacy Financial Group Inc.’s holdings in Walmart were worth $581,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Able Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart in the 4th quarter worth approximately $32,000. Tidemark LLC purchased a new stake in Walmart in the 4th quarter worth approximately $37,000. Frank Rimerman Advisors LLC purchased a new stake in Walmart in the 4th quarter worth approximately $48,000. Finally, EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter worth approximately $25,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. HSBC increased their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. TD Cowen increased their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Finally, Roth Mkm increased their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Trading Down 2.4 %

Shares of WMT stock opened at $78.62 on Wednesday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02. The company has a market capitalization of $631.97 billion, a P/E ratio of 33.65, a P/E/G ratio of 4.03 and a beta of 0.51. The firm has a 50-day moving average price of $72.90 and a 200 day moving average price of $66.48. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping 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 company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the 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 completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,203,360 shares of company stock valued at $788,678,803. 45.58% of the stock is currently owned by corporate 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.