Trinity Legacy Partners LLC Buys New Position in Walmart Inc. (NYSE:WMT)

Trinity Legacy Partners LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,426 shares of the retailer’s stock, valued at approximately $202,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Walmart by 1.4% during the third quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock valued at $16,883,890,000 after buying an additional 1,832,388 shares in the last quarter. BlackRock Inc. boosted its stake in Walmart by 2.9% during the third quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock valued at $12,525,224,000 after buying an additional 2,712,886 shares in the last quarter. State Street Corp lifted its holdings in shares of Walmart by 1.2% during the third quarter. State Street Corp now owns 60,659,193 shares of the retailer’s stock valued at $7,867,497,000 after purchasing an additional 701,415 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Walmart by 7.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 23,919,371 shares of the retailer’s stock valued at $2,908,117,000 after purchasing an additional 1,685,320 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Walmart by 5.1% during the second quarter. FMR LLC now owns 13,747,082 shares of the retailer’s stock valued at $1,671,369,000 after purchasing an additional 667,747 shares during the last quarter. Institutional investors own 31.27% of the company’s stock.

Walmart Stock Performance

WMT opened at $139.40 on Friday. The firm has a market capitalization of $375.93 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 4.18 and a beta of 0.48. The stock’s 50 day moving average price is $142.27 and its two-hundred day moving average price is $141.04. The company has a quick ratio of 0.21, a current ratio of 0.82 and a debt-to-equity ratio of 0.57. Walmart Inc. has a 12-month low of $117.27 and a 12-month high of $160.77.

Walmart (NYSE:WMT – Get Rating) last released its earnings results on Tuesday, February 21st. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.20. The firm had revenue of $164.05 billion for the quarter, compared to analyst estimates of $158.67 billion. Walmart had a return on equity of 20.45% and a net margin of 1.91%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 EPS. On average, equities analysts forecast that Walmart Inc. will post 6.08 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, December 7th. Walmart’s dividend payout ratio (DPR) is currently 52.34%.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Atlantic Securities upped their target price on Walmart from $150.00 to $165.00 in a report on Thursday, December 1st. Cowen upped their target price on Walmart from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. StockNews.com initiated coverage on Walmart in a report on Thursday. They set a “strong-buy” rating for the company. Roth Capital reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, February 14th. Finally, Telsey Advisory Group reduced their target price on Walmart from $165.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.44.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Jim C. Walton sold 1,077,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $138.08, for a total value of $148,740,328.32. Following the completion of the sale, the insider now owns 259,481,225 shares in the company, valued at approximately $35,829,167,548. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walmart news, Director S Robson Walton sold 1,550,332 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $138.21, for a total value of $214,271,385.72. Following the completion of the sale, the director now owns 257,930,893 shares in the company, valued at approximately $35,648,628,721.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 1,077,204 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $138.08, for a total value of $148,740,328.32. Following the transaction, the insider now owns 259,481,225 shares of the company’s stock, valued at approximately $35,829,167,548. The disclosure for this sale can be found here. Insiders have sold 9,830,325 shares of company stock valued at $1,378,798,478 in the last 90 days. 47.06% of the stock is currently owned by insiders.

Walmart Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.