Walmart Inc. $WMT Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lowered its position in Walmart Inc. (NYSE:WMT) by 5.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,783 shares of the retailer’s stock after selling 1,480 shares during the period. Legacy Financial Advisors Inc.’s holdings in Walmart were worth $2,176,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WMT. Full Sail Capital LLC increased its stake in Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock worth $786,000 after buying an additional 541 shares in the last quarter. Leslie Global Wealth LLC raised its holdings in Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock valued at $285,000 after acquiring an additional 568 shares during the last quarter. Monument Capital Management raised its holdings in Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after acquiring an additional 26,685 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Walmart by 11.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer’s stock valued at $698,787,000 after acquiring an additional 838,689 shares during the last quarter. Finally, Milestone Asset Management LLC raised its holdings in Walmart by 156.7% in the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer’s stock valued at $4,799,000 after acquiring an additional 33,370 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WMT. Citigroup reiterated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Erste Group Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a report on Thursday, August 14th. Guggenheim reiterated a “buy” rating and issued a $115.00 price objective (up previously from $112.00) on shares of Walmart in a report on Monday. Finally, Mizuho reiterated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a report on Wednesday, August 13th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average target price of $109.89.

Walmart Stock Performance

NYSE:WMT opened at $100.65 on Tuesday. The company has a fifty day simple moving average of $97.67 and a two-hundred day simple moving average of $95.58. The company has a market cap of $803.23 billion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 4.80 and a beta of 0.66. 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 Inc. has a 52 week low of $73.34 and a 52 week high of $105.30.

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart’s payout ratio is 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the sale, the executive vice president directly owned 1,064,455 shares of the company’s stock, valued at $103,252,135. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated 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 sale, the executive vice president directly owned 945,434 shares of the company’s stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,334 shares of company stock worth $13,526,350. 0.10% of the stock is currently owned by insiders.

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.