Legacy Wealth Management LLC MS Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Legacy Wealth Management LLC MS grew its stake in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,424 shares of the retailer’s stock after purchasing an additional 1,907 shares during the quarter. Walmart makes up approximately 2.5% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 8th largest position. Legacy Wealth Management LLC MS’s holdings in Walmart were worth $6,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Financial Group LLC bought a new stake in shares of Walmart in the second quarter valued at about $201,000. Silver Lake Advisory LLC purchased a new stake in shares of Walmart in the 2nd quarter worth approximately $263,000. Miracle Mile Advisors LLC boosted its stake in shares of Walmart by 10.2% during the second quarter. Miracle Mile Advisors LLC now owns 38,864 shares of the retailer’s stock valued at $2,631,000 after purchasing an additional 3,598 shares in the last quarter. Brookstone Capital Management increased its holdings in Walmart by 0.7% during the second quarter. Brookstone Capital Management now owns 283,489 shares of the retailer’s stock valued at $20,136,000 after buying an additional 1,993 shares during the period. Finally, Gradient Investments LLC raised its stake in Walmart by 5.3% in the second quarter. Gradient Investments LLC now owns 402,600 shares of the retailer’s stock worth $27,260,000 after buying an additional 20,225 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WMT shares. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. DA Davidson increased their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Barclays raised their target price on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Oppenheimer increased their price objective on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.33.

Insider Activity at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,309,091 shares of company stock valued at $183,375,539. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT stock traded up $0.41 during mid-day trading on Friday, reaching $94.29. 2,534,241 shares of the company’s stock were exchanged, compared to its average volume of 16,858,213. The company has a market cap of $757.47 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 4.51 and a beta of 0.54. Walmart Inc. has a 12-month low of $50.51 and a 12-month high of $96.18. The stock’s 50 day moving average is $85.83 and its 200 day moving average is $76.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, research analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

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.