Legacy Capital Group California Inc. Has $1.63 Million Stake in Walmart Inc. (NYSE:WMT)

Legacy Capital Group California Inc. decreased its position in Walmart Inc. (NYSE:WMT) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,201 shares of the retailer’s stock after selling 828 shares during the period. Legacy Capital Group California Inc.’s holdings in Walmart were worth $1,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hoese & Co LLP acquired a new position in shares of Walmart during the third quarter valued at about $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter worth about $25,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter worth about $29,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart during the third quarter worth about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $83.05 on Friday. The company has a market capitalization of $667.58 billion, a P/E ratio of 43.18, a P/E/G ratio of 4.11 and a beta of 0.51. The company has a fifty day moving average of $78.71 and a 200-day moving average of $70.08. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,295,088 shares of company stock worth $955,284,831. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMT has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group upped their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $83.51.

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.