Legacy Advisors LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Legacy Advisors LLC cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 23.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,035 shares of the retailer's stock after selling 6,033 shares during the quarter. Legacy Advisors LLC's holdings in Walmart were worth $1,764,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WMT. Whelan Financial raised its stake in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC raised its position in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after purchasing an additional 102 shares during the last quarter. Van Strum & Towne Inc. boosted its stake in Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after purchasing an additional 108 shares in the last quarter. Finally, Planning Center Inc. grew its holdings in shares of Walmart by 1.8% during the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock worth $528,000 after purchasing an additional 108 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. The trade was a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president now owns 945,434 shares of the company's stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,419 shares of company stock valued at $14,295,650 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 1.8%

Walmart stock opened at $97.88 on Tuesday. Walmart Inc. has a twelve month low of $66.55 and a twelve month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $96.45 and a 200-day moving average of $94.15. The stock has a market capitalization of $781.12 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the business earned $0.60 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on WMT. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. KeyCorp boosted their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Finally, Guggenheim reiterated a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

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.

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