Legacy Private Trust Co. Raises Position in Walmart Inc. $WMT

Legacy Private Trust Co. grew its stake in Walmart Inc. (NASDAQ:WMT) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,032 shares of the retailer’s stock after buying an additional 5,689 shares during the quarter. Walmart makes up 0.7% of Legacy Private Trust Co.’s portfolio, making the stock its 24th biggest holding. Legacy Private Trust Co.’s holdings in Walmart were worth $12,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock valued at $42,223,116,000 after purchasing an additional 5,856,468 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its position in shares of Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Geode Capital Management LLC lifted its stake in shares of Walmart by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after buying an additional 263,718 shares in the last quarter. Norges Bank bought a new position in shares of Walmart during the 2nd quarter valued at approximately $5,367,770,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Walmart by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock valued at $3,126,775,000 after purchasing an additional 1,098,342 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of Walmart stock opened at $114.83 on Friday. Walmart Inc. has a one year low of $79.81 and a one year high of $117.45. The company has a market capitalization of $915.21 billion, a PE ratio of 40.15, a P/E/G ratio of 5.34 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The company has a 50-day simple moving average of $107.36 and a two-hundred day simple moving average of $101.97.

Walmart (NASDAQ:WMT) last issued its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The business had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler restated an “overweight” rating and issued a $123.00 target price (up from $111.00) on shares of Walmart in a report on Friday, November 21st. Cowen reiterated a “buy” rating on shares of Walmart in a research report on Tuesday, December 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $123.00 price objective on shares of Walmart in a research note on Tuesday, December 9th. Bank of America raised their price objective on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $135.00 target price on shares of Walmart in a research report on Wednesday. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $120.18.

Insider Activity at Walmart

In other Walmart news, SVP David Chojnowski sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total value of $746,550.00. Following the sale, the senior vice president directly owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $109.57, for a total value of $2,127,411.12. Following the completion of the sale, the chief executive officer owned 4,334,747 shares in the company, valued at $474,958,228.79. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 110,703 shares of company stock worth $11,776,591 in the last quarter. 0.10% of the stock is owned by insiders.

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.