Legacy Financial Group LLC Purchases New Holdings in Walmart Inc. (NYSE:WMT)

Legacy Financial Group LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,859 shares of the retailer's stock, valued at approximately $800,000.

Other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter worth approximately $26,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth $32,000. Hoese & Co LLP bought a new stake in shares of Walmart in the 3rd quarter worth about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 3rd quarter valued at about $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,895,688 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. DZ Bank downgraded Walmart from a "buy" rating to a "hold" rating and set a $91.00 price target for the company. in a report on Thursday, November 21st. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.69.

Walmart Stock Down 0.0 %

Shares of NYSE:WMT traded down $0.04 during midday trading on Tuesday, hitting $97.36. 14,635,105 shares of the stock were exchanged, compared to its average volume of 15,479,884. The company has a market capitalization of $782.16 billion, a PE ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52-week low of $54.51 and a 52-week high of $97.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business's fifty day simple moving average is $92.29 and its two-hundred day simple moving average is $82.49.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. As a group, research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.