Legacy Wealth Management LLC MS Sells 6,926 Shares of Walmart Inc. $WMT

Legacy Wealth Management LLC MS decreased its position in Walmart Inc. (NASDAQ:WMT) by 8.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,878 shares of the retailer’s stock after selling 6,926 shares during the period. Walmart comprises 2.1% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 8th biggest position. Legacy Wealth Management LLC MS’s holdings in Walmart were worth $8,141,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WMT. Entrust Financial LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $27,000. Merkkuri Wealth Advisors LLC purchased a new position in Walmart during the first quarter worth approximately $29,000. Bay Harbor Wealth Management LLC boosted its position in Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after purchasing an additional 105 shares in the last quarter. Sankala Group LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $33,000. Finally, Motiv8 Investments LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

WMT opened at $111.85 on Friday. Walmart Inc. has a twelve month low of $95.42 and a twelve month high of $135.15. The firm has a market capitalization of $890.11 billion, a PE ratio of 39.25, a PEG ratio of 4.17 and a beta of 0.61. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $114.50 and its 200 day moving average price is $121.66.

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

Analysts Set New Price Targets

WMT has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating on shares of Walmart in a research report on Tuesday. Erste Group Bank lowered Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Tigress Financial reissued a “buy” rating and issued a $155.00 price target (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Piper Sandler reissued an “overweight” rating on shares of Walmart in a report on Monday, June 8th. Finally, Evercore restated an “outperform” rating on shares of Walmart in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.56.

Insiders Place Their Bets

In related news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $118.19, for a total value of $342,751.00. Following the completion of the sale, the executive vice president owned 574,953 shares of the company’s stock, valued at approximately $67,953,695.07. This trade represents a 0.50% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the transaction, the executive vice president owned 125,067 shares in the company, valued at approximately $14,985,527.94. The trade was a 8.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 71,439 shares of company stock valued at $8,544,532. Insiders own 0.09% of the company’s stock.

Walmart Company Profile

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.