Trinity Legacy Partners LLC Acquires Shares of 1,426 Walmart Inc. (NYSE:WMT)

Trinity Legacy Partners LLC acquired a new stake in Walmart Inc. (NYSE:WMT – Get Rating) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,426 shares of the retailer’s stock, valued at approximately $202,000.

Other institutional investors have also recently bought and sold shares of the company. Bellwether Advisors LLC raised its position in Walmart by 112.0% in the 3rd quarter. Bellwether Advisors LLC now owns 212 shares of the retailer’s stock valued at $27,000 after purchasing an additional 112 shares during the last quarter. Lipe & Dalton acquired a new stake in shares of Walmart in the 3rd quarter valued at $29,000. Legend Financial Advisors Inc. acquired a new stake in shares of Walmart in the 3rd quarter valued at $32,000. Bell Investment Advisors Inc increased its stake in shares of Walmart by 500.0% in the 3rd quarter. Bell Investment Advisors Inc now owns 282 shares of the retailer’s stock valued at $37,000 after buying an additional 235 shares during the period. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in shares of Walmart in the 2nd quarter valued at $47,000. Institutional investors own 31.27% of the company’s stock.

Insider Buying and Selling

In other Walmart news, major shareholder Jim C. Walton sold 1,077,204 shares of the business’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 transaction of $148,740,328.32. Following the transaction, the insider now owns 259,481,225 shares of the company’s stock, valued at $35,829,167,548. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $143.82, for a total transaction of $1,396,204.56. Following the transaction, the chief executive officer now owns 1,458,924 shares of the company’s stock, valued at $209,822,449.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Jim C. Walton sold 1,077,204 shares of the business’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 directly owns 259,481,225 shares in the company, valued at approximately $35,829,167,548. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,830,325 shares of company stock worth $1,378,798,478. Corporate insiders own 47.06% of the company’s stock.

Walmart Stock Performance

WMT opened at $139.40 on Friday. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77. The firm has a market capitalization of $375.93 billion, a PE ratio of 32.57, a PEG ratio of 4.18 and a beta of 0.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.82. The business’s 50-day simple moving average is $142.27 and its 200 day simple moving average is $141.04.

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, topping the consensus estimate of $1.51 by $0.20. Walmart had a return on equity of 20.45% and a net margin of 1.91%. The business had revenue of $164.05 billion for the quarter, compared to analyst estimates of $158.67 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. Walmart’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Walmart Inc. will post 6.08 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a dividend of $0.57 per share. The ex-dividend date is Thursday, December 7th. This represents a $2.28 annualized dividend and a yield of 1.64%. Walmart’s payout ratio is presently 52.34%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Tigress Financial raised Walmart from a “neutral” rating to a “buy” rating and lifted their target price for the company from $170.00 to $176.00 in a research note on Thursday, January 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $164.00 to $169.00 in a research note on Wednesday, February 22nd. Atlantic Securities lifted their target price on Walmart from $150.00 to $165.00 in a research note on Thursday, December 1st. StockNews.com began coverage on Walmart in a research note on Thursday. They set a “strong-buy” rating for the company. Finally, UBS Group set a $168.00 price objective on Walmart in a research note on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $162.44.

Walmart Company 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.