Legacy Financial Strategies LLC Buys 5,253 Shares of Walmart Inc. (NYSE:WMT)

Legacy Financial Strategies LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 101.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,410 shares of the retailer’s stock after purchasing an additional 5,253 shares during the period. Legacy Financial Strategies LLC’s holdings in Walmart were worth $937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. SC&H Financial Advisors Inc. increased its position in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the period. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after purchasing an additional 110 shares in the last quarter. Hobart Private Capital LLC grew its position in shares of Walmart by 1.6% in the 4th quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after buying an additional 111 shares during the last quarter. Kozak & Associates Inc. increased its position in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its stake in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WMT shares. Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Barclays raised their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. KeyCorp increased their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Sanford C. Bernstein raised their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $96.95.

Walmart Stock Performance

NYSE:WMT opened at $102.77 on Tuesday. The company has a market cap of $825.62 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a fifty day simple moving average of $94.07 and a two-hundred day simple moving average of $84.36. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. 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 (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. Corporate insiders own 45.58% of the company’s stock.

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.