Legacy Financial Group Inc. Reduces Stake in Walmart Inc. (NYSE:WMT)

Legacy Financial Group Inc. reduced its holdings in Walmart Inc. (NYSE:WMT) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,343 shares of the retailer’s stock after selling 306 shares during the quarter. Legacy Financial Group Inc.’s holdings in Walmart were worth $934,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in Walmart in the 4th quarter worth about $25,000. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter valued at about $27,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at about $37,000. Finally, Mizuho Bank Ltd. bought a new position in shares of Walmart during the 4th quarter valued at about $41,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president now owns 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 166,035 shares of company stock worth $15,548,082. 45.58% of the stock is owned by insiders.

Walmart Trading Down 1.4%

WMT opened at $96.48 on Thursday. The stock has a market cap of $771.89 billion, a PE ratio of 40.03, a PEG ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $91.95 and a 200-day moving average of $92.72. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Barclays reiterated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Mizuho assumed coverage on Walmart in a research report on Friday, April 11th. They set an “outperform” rating and a $105.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $102.00 price objective on shares of Walmart in a research report on Friday, May 16th. Finally, Guggenheim reiterated a “buy” rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $104.94.

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.