Walmart Inc. (NYSE:WMT) is Legacy Wealth Management LLC MS’s 8th Largest Position

Legacy Wealth Management LLC MS raised its position in Walmart Inc. (NYSE:WMT) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,424 shares of the retailer’s stock after purchasing an additional 1,907 shares during the quarter. Walmart comprises 2.5% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 8th biggest position. Legacy Wealth Management LLC MS’s holdings in Walmart were worth $6,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth $26,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new position in Walmart during the third quarter worth $33,000. Cultivar Capital Inc. acquired a new position in Walmart during the second quarter worth $29,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the third quarter worth $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 1,804,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total value of $142,840,720.00. Following the completion of the transaction, the insider now owns 605,979,318 shares of the company’s stock, valued at $47,981,442,399.24. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,309,091 shares of company stock valued at $183,375,539 over the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock traded up $0.41 during midday trading on Friday, reaching $94.29. 2,534,241 shares of the company traded hands, compared to its average volume of 16,858,213. The firm’s 50 day simple moving average is $85.83 and its two-hundred day simple moving average is $76.74. Walmart Inc. has a 1-year low of $50.51 and a 1-year high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $757.47 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 4.51 and a beta of 0.54.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WMT shares. DA Davidson increased their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Telsey Advisory Group increased their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Robert W. Baird increased their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.33.

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.