Walmart Inc. (NYSE:WMT) Shares Acquired by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 232.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,636 shares of the retailer's stock after purchasing an additional 24,226 shares during the period. Legacy Financial Strategies LLC's holdings in Walmart were worth $3,041,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Tallon Kerry Patrick purchased a new position in Walmart during the fourth quarter worth $252,000. LaFleur & Godfrey LLC increased its position in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after buying an additional 992 shares in the last quarter. Eagle Capital Management LLC increased its position in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares in the last quarter. Brighton Jones LLC increased its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Walmart during the fourth quarter worth $10,645,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 1.5%

Walmart stock traded up $1.47 during midday trading on Friday, reaching $98.57. The stock had a trading volume of 29,968,085 shares, compared to its average volume of 17,890,104. Walmart Inc. has a twelve month low of $65.16 and a twelve month high of $105.30. The stock has a market capitalization of $788.65 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock's 50-day simple moving average is $93.46 and its 200 day simple moving average is $93.41.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president now owns 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,334 shares of company stock worth $12,615,864 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on WMT shares. JPMorgan Chase & Co. raised their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Royal Bank of Canada restated an "outperform" rating and set a $102.00 price objective on shares of Walmart in a report on Friday, May 16th. Finally, KeyCorp lifted 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. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.94.

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.