Legacy Financial Group Inc. Sells 10,737 Shares of Walmart Inc. $WMT

Legacy Financial Group Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT) by 45.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,012 shares of the retailer’s stock after selling 10,737 shares during the period. Legacy Financial Group Inc.’s holdings in Walmart were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centric Wealth Management lifted its holdings in shares of Walmart by 10.9% during the second quarter. Centric Wealth Management now owns 31,251 shares of the retailer’s stock worth $3,242,000 after buying an additional 3,073 shares in the last quarter. Providence Wealth Advisors LLC increased its position in Walmart by 0.4% during the second quarter. Providence Wealth Advisors LLC now owns 42,387 shares of the retailer’s stock worth $4,338,000 after acquiring an additional 159 shares during the period. Soundwatch Capital LLC acquired a new stake in Walmart in the 2nd quarter worth about $956,000. Enterprise Financial Services Corp boosted its holdings in Walmart by 4.4% in the 2nd quarter. Enterprise Financial Services Corp now owns 23,534 shares of the retailer’s stock valued at $2,301,000 after purchasing an additional 984 shares during the period. Finally, Pettyjohn Wood & White Inc. boosted its holdings in Walmart by 0.4% in the 2nd quarter. Pettyjohn Wood & White Inc. now owns 155,386 shares of the retailer’s stock valued at $15,194,000 after purchasing an additional 615 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total value of $1,414,612.50. Following the completion of the transaction, the executive vice president owned 892,940 shares of the company’s stock, valued at $96,241,073.20. This represents a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $107.75, for a total transaction of $431,000.00. Following the completion of the sale, the executive vice president owned 1,044,455 shares in the company, valued at $112,540,026.25. This represents a 0.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 137,888 shares of company stock worth $14,241,903 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Walmart Price Performance

Walmart stock opened at $105.29 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $109.57. The stock has a market capitalization of $839.46 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. The stock has a fifty day moving average of $103.52 and a 200-day moving average of $99.90.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $116.00 target price on shares of Walmart in a report on Friday. Robert W. Baird raised their price objective on Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI reiterated an “outperform” rating and set a $115.00 target price (up from $111.00) on shares of Walmart in a research report on Friday. Oppenheimer raised their price target on Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Finally, Tigress Financial upped their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $118.55.

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.