Legacy Financial Strategies LLC Has $416,000 Stock Position in Walmart Inc. (NYSE:WMT)

Legacy Financial Strategies LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 49.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,157 shares of the retailer’s stock after purchasing an additional 1,701 shares during the period. Legacy Financial Strategies LLC’s holdings in Walmart were worth $416,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Alaska Permanent Fund Corp boosted its holdings in Walmart by 248.9% in the first quarter. Alaska Permanent Fund Corp now owns 31,457 shares of the retailer’s stock valued at $1,893,000 after acquiring an additional 22,441 shares during the last quarter. Threadgill Financial LLC acquired a new position in Walmart in the first quarter valued at $206,000. Atwood & Palmer Inc. boosted its position in Walmart by 207.4% during the first quarter. Atwood & Palmer Inc. now owns 282,369 shares of the retailer’s stock valued at $16,990,000 after acquiring an additional 190,500 shares during the last quarter. Fragasso Group Inc. grew its holdings in Walmart by 182.5% during the 1st quarter. Fragasso Group Inc. now owns 96,981 shares of the retailer’s stock worth $5,835,000 after acquiring an additional 62,648 shares during the period. Finally, Marcum Wealth LLC raised its position in shares of Walmart by 198.9% in the 1st quarter. Marcum Wealth LLC now owns 28,386 shares of the retailer’s stock worth $1,708,000 after acquiring an additional 18,889 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,267,901 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT traded up $0.42 during trading on Friday, hitting $81.31. 12,324,148 shares of the company traded hands, compared to its average volume of 17,134,037. The firm has a market cap of $654.02 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. 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 Inc. has a one year low of $49.85 and a one year high of $81.82. The stock’s fifty day moving average is $77.90 and its 200 day moving average is $69.54.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 the consensus estimate of $168.56 billion. During the same period in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on WMT. Morgan Stanley raised their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus boosted their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and raised their price target for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. Finally, Jefferies Financial Group upped their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Buy” and an average target price of $82.96.

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.