Legacy Wealth Management LLC MS Has $8.14 Million Stake in Walmart Inc. $WMT

Legacy Wealth Management LLC MS trimmed its position in shares of Walmart Inc. (NASDAQ:WMT) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,878 shares of the retailer’s stock after selling 6,926 shares during the quarter. Walmart comprises about 2.1% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 8th largest holding. Legacy Wealth Management LLC MS’s holdings in Walmart were worth $8,141,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Entrust Financial LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Walmart during the first quarter worth $29,000. Bay Harbor Wealth Management LLC lifted its holdings in shares of Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after purchasing an additional 105 shares during the last quarter. Sankala Group LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $33,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of Walmart in the 4th quarter worth $34,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the completion of the transaction, the director owned 4,174,579 shares in the company, valued at approximately $495,230,306.77. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 3,710 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $113.10, for a total value of $419,601.00. Following the completion of the transaction, the executive vice president directly owned 626,299 shares of the company’s stock, valued at approximately $70,834,416.90. This trade represents a 0.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,439 shares of company stock valued at $8,544,532 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMT. BMO Capital Markets restated an “outperform” rating on shares of Walmart in a research note on Friday, May 22nd. Guggenheim increased their price target on Walmart from $120.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, April 13th. TD Cowen reissued a “buy” rating and issued a $150.00 price target (up from $145.00) on shares of Walmart in a report on Thursday, May 7th. Piper Sandler restated an “overweight” rating on shares of Walmart in a research note on Monday, June 8th. Finally, Oppenheimer downgraded shares of Walmart from an “outperform” rating to a “market perform” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.56.

Walmart Stock Performance

WMT opened at $111.85 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $95.42 and a 12-month high of $135.15. The firm has a 50 day moving average of $114.50 and a two-hundred day moving average of $121.66. The firm has a market capitalization of $890.11 billion, a PE ratio of 39.25, a P/E/G ratio of 4.17 and a beta of 0.61.

Walmart (NASDAQ:WMT) last released its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, analysts anticipate that Walmart Inc. will post 2.89 EPS for the current year.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.