My Legacy Advisors LLC Has $1.34 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

My Legacy Advisors LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 11.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,591 shares of the retailer’s stock after selling 2,202 shares during the period. My Legacy Advisors LLC’s holdings in Walmart were worth $1,340,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WMT. Strong Tower Advisory Services raised its holdings in shares of Walmart by 237.9% during the first quarter. Strong Tower Advisory Services now owns 19,297 shares of the retailer’s stock valued at $1,158,000 after purchasing an additional 13,586 shares during the period. Capital Advisors Wealth Management LLC raised its stake in Walmart by 228.0% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 5,648 shares of the retailer’s stock worth $340,000 after buying an additional 3,926 shares during the period. Charles Schwab Trust Co boosted its holdings in Walmart by 160.5% in the first quarter. Charles Schwab Trust Co now owns 21,537 shares of the retailer’s stock worth $1,296,000 after acquiring an additional 13,269 shares in the last quarter. Wealth Management Partners LLC grew its stake in Walmart by 213.3% in the first quarter. Wealth Management Partners LLC now owns 13,976 shares of the retailer’s stock valued at $841,000 after acquiring an additional 9,515 shares during the period. Finally, Keystone Wealth Services LLC increased its holdings in shares of Walmart by 186.3% during the first quarter. Keystone Wealth Services LLC now owns 6,964 shares of the retailer’s stock valued at $419,000 after acquiring an additional 4,532 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WMT shares. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Robert W. Baird lifted their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. The Goldman Sachs Group upped their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Roth Mkm lifted their price target on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company increased their price objective on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $83.51.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

NYSE:WMT opened at $82.02 on Wednesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $82.22. The business’s fifty day moving average is $78.42 and its 200 day moving average is $69.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $659.73 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. Research analysts predict that Walmart Inc. will post 2.44 EPS for the current 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.