Legacy Solutions LLC Invests $311,000 in Walmart Inc. (NYSE:WMT)

Legacy Solutions LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, Holdings Channel reports. The firm purchased 3,445 shares of the retailer’s stock, valued at approximately $311,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in Walmart in the fourth quarter valued at $27,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. grew its position in shares of 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. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart in the 3rd quarter worth $36,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.87.

Walmart Stock Performance

NYSE:WMT opened at $103.73 on Wednesday. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a 50 day simple moving average of $95.38 and a two-hundred day simple moving average of $86.05. The company has a market capitalization of $833.31 billion, a PE ratio of 42.57, a P/E/G ratio of 4.30 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

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.