Legacy Capital Wealth Partners LLC Buys 22,405 Shares of Walmart Inc. (NYSE:WMT)

Legacy Capital Wealth Partners LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 4.7% in the third quarter, HoldingsChannel reports. The firm owned 494,698 shares of the retailer’s stock after purchasing an additional 22,405 shares during the period. Walmart accounts for 6.7% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 2nd biggest position. Legacy Capital Wealth Partners LLC’s holdings in Walmart were worth $39,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WMT. Vanguard Group Inc. boosted its position in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Legal & General Group Plc increased its holdings in shares of Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the period. Raymond James & Associates lifted its position in shares of Walmart by 3.0% in the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after purchasing an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $84.83 on Friday. The company’s fifty day moving average is $80.53 and its two-hundred day moving average is $71.92. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market capitalization of $681.88 billion, a price-to-earnings ratio of 44.11, a P/E/G ratio of 4.25 and a beta of 0.51.

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

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. 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 at this link. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Barclays upped their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus lifted their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $83.92.

Walmart 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.