Legacy Wealth Management LLC MS Sells 1,907 Shares of Walmart Inc. (NYSE:WMT)

Legacy Wealth Management LLC MS decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,176 shares of the retailer’s stock after selling 1,907 shares during the quarter. Walmart accounts for approximately 2.3% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 8th largest position. Legacy Wealth Management LLC MS’s holdings in Walmart were worth $7,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. raised its position in shares of Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC grew its stake in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank bought a new stake in Walmart in the fourth quarter worth approximately $5,737,355,000. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $97.23 on Thursday. The business’s fifty day simple moving average is $93.00 and its 200-day simple moving average is $93.17. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $777.93 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping 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 company had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,334 shares of company stock valued at $12,615,864 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Raymond James decreased their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Evercore ISI lowered their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.94.

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.