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

Legacy Financial Group Inc. boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 129.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,749 shares of the retailer's stock after acquiring an additional 13,406 shares during the quarter. Legacy Financial Group Inc.'s holdings in Walmart were worth $2,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Whelan Financial lifted its position 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after acquiring an additional 98 shares during the last quarter. Scott & Selber Inc. increased its stake in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after acquiring an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC grew its stake in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after buying an additional 105 shares in the last quarter. Finally, Van Strum & Towne Inc. grew its stake in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after buying an additional 108 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president owned 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock valued at $13,710,319 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Walmart stock traded up $1.43 during mid-day trading on Monday, reaching $95.83. 13,768,629 shares of the company's stock were exchanged, compared to its average volume of 18,118,010. The business's fifty day simple moving average is $97.10 and its 200 day simple moving average is $94.52. The firm has a market capitalization of $764.75 billion, a PE ratio of 40.95, a P/E/G ratio of 4.54 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year 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.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the company posted $0.60 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on WMT shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. UBS Group decreased their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

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.