5,649 Shares in Walmart Inc. $WMT Purchased by Legacy Advisory Services LLC

Key Points

• Legacy Advisory Services LLC acquired 5,649 shares of Walmart valued at approximately $496,000, making it 27th in their portfolio.
• CEO C. Douglas McMillon sold 19,416 shares of Walmart stock, decreasing his position by 0.44%, while institutional investors now own 26.76% of the company's stock.
• Analysts have set a consensus price target of $110.76 for Walmart's shares, with various analysts adjusting their ratings and targets recently.

Legacy Advisory Services LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,649 shares of the retailer's stock, valued at approximately $496,000. Walmart accounts for about 0.4% of Legacy Advisory Services LLC's portfolio, making the stock its 27th biggest holding.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after purchasing an additional 3,224,154 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Walmart by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after purchasing an additional 387,424 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Walmart by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after purchasing an additional 233,040 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Walmart by 2.9% in the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after purchasing an additional 823,020 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the transaction, the chief executive officer owned 4,392,985 shares in the company, valued at $421,594,770.45. This trade represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,655 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $100.38, for a total value of $166,128.90. Following the transaction, the executive vice president owned 647,578 shares in the company, valued at $65,003,879.64. This trade represents a 0.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,382 shares of company stock worth $11,718,441. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WMT shares. JPMorgan Chase & Co. cut their price objective on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the stock an "outperform" rating in a report on Friday, August 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $106.00 price target on shares of Walmart in a research report on Friday, August 22nd. Finally, Tigress Financial raised their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $110.76.

Walmart Trading Up 1.7%

Walmart stock opened at $102.26 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 12 month low of $76.49 and a 12 month high of $105.30. The stock's 50 day simple moving average is $98.38 and its two-hundred day simple moving average is $95.22. The firm has a market cap of $815.33 billion, a PE ratio of 38.44, a P/E/G ratio of 4.83 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current 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.

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