Legacy Capital Wealth Partners LLC Buys 15,381 Shares of Walmart Inc. (NYSE:WMT)

Legacy Capital Wealth Partners LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 3.1% during the fourth quarter, Holdings Channel reports. The firm owned 510,079 shares of the retailer’s stock after buying an additional 15,381 shares during the period. Walmart comprises 10.1% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 2nd biggest holding. Legacy Capital Wealth Partners LLC’s holdings in Walmart were worth $46,086,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in WMT. Everhart Financial Group Inc. raised its stake in shares of Walmart by 5.7% in the fourth quarter. Everhart Financial Group Inc. now owns 31,574 shares of the retailer’s stock valued at $2,853,000 after acquiring an additional 1,690 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of Walmart in the fourth quarter valued at approximately $2,185,000. Vivid Wealth Management LLC raised its stake in shares of Walmart by 51.8% in the fourth quarter. Vivid Wealth Management LLC now owns 9,261 shares of the retailer’s stock valued at $837,000 after acquiring an additional 3,161 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $2,047,000. Finally, Lord & Richards Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $716,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $104.04 on Friday. The firm has a market capitalization of $835.78 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $55.99 and a 12-month high of $105.30. The firm has a fifty day moving average of $94.99 and a 200-day moving average of $85.33.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Telsey Advisory Group boosted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.17.

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.