Legacy Financial Strategies LLC Purchases 3,908 Shares of Walmart Inc. $WMT

Key Points

• Legacy Financial Strategies LLC increased its stake in Walmart Inc. by 11.3%, purchasing an additional 3,908 shares during the 2nd quarter, bringing their total ownership to 38,544 shares valued at approximately $3.77 million.
• Multiple large investors, including Arkfeld Wealth Strategies and Trust Point Inc., have also raised their stakes in Walmart, reflecting a growing interest from institutional investors.
• Walmart's stock has recently received multiple price target upgrades from analysts, with expectations for strong performance reflected in a consensus target price of $112.03 and many analysts rating it a Buy.

Legacy Financial Strategies LLC grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,544 shares of the retailer's stock after buying an additional 3,908 shares during the period. Walmart makes up 0.7% of Legacy Financial Strategies LLC's holdings, making the stock its 20th biggest position. Legacy Financial Strategies LLC's holdings in Walmart were worth $3,769,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. increased its position in Walmart by 9.6% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 38,256 shares of the retailer's stock worth $3,801,000 after buying an additional 3,336 shares during the period. Trust Point Inc. increased its position in Walmart by 12.7% during the 2nd quarter. Trust Point Inc. now owns 60,344 shares of the retailer's stock worth $5,900,000 after buying an additional 6,789 shares during the period. Moody National Bank Trust Division increased its position in Walmart by 2.7% during the 2nd quarter. Moody National Bank Trust Division now owns 64,672 shares of the retailer's stock worth $6,324,000 after buying an additional 1,708 shares during the period. Brady Family Wealth LLC increased its position in Walmart by 1.2% during the 2nd quarter. Brady Family Wealth LLC now owns 19,530 shares of the retailer's stock worth $1,910,000 after buying an additional 236 shares during the period. Finally, YHB Investment Advisors Inc. increased its position in Walmart by 3.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 90,498 shares of the retailer's stock worth $8,848,000 after buying an additional 3,405 shares during the period. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the sale, the executive vice president directly owned 623,918 shares of the company's stock, valued at $60,750,895.66. This trade represents a 0.35% decrease in their ownership of the stock. The transaction 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 Thursday, August 21st. The shares were sold at an average price of $98.55, for a total value of $1,293,468.75. Following the completion of the sale, the executive vice president directly owned 919,189 shares in the company, valued at $90,586,075.95. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,107 shares of company stock valued at $13,183,727 over the last ninety days. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. Tigress Financial increased their price objective on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Mizuho reissued an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Wednesday, August 13th. The Goldman Sachs Group increased their target price on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Bank of America increased their target price on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, KeyCorp increased their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $112.03.

Walmart Stock Performance

NYSE:WMT opened at $103.69 on Friday. The stock's 50-day simple moving average is $99.24 and its 200 day simple moving average is $95.58. The firm has a market capitalization of $826.70 billion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 5.01 and a beta of 0.65. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a twelve month low of $77.49 and a twelve month high of $106.11.

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

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.

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