Walmart Inc. $WMT Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY lessened its holdings in Walmart Inc. (NASDAQ:WMT) by 27.4% during the 3rd quarter, Holdings Channel reports. The firm owned 32,252 shares of the retailer’s stock after selling 12,200 shares during the quarter. Spirit of America Management Corp NY’s holdings in Walmart were worth $3,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Blue Zone Wealth Advisors LLC lifted its stake in Walmart by 57.7% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 3,288 shares of the retailer’s stock valued at $339,000 after buying an additional 1,203 shares in the last quarter. Secured Retirement Advisors LLC raised its holdings in shares of Walmart by 8.1% in the third quarter. Secured Retirement Advisors LLC now owns 16,990 shares of the retailer’s stock worth $1,751,000 after acquiring an additional 1,268 shares during the last quarter. Whitener Capital Management Inc. lifted its position in shares of Walmart by 0.4% in the third quarter. Whitener Capital Management Inc. now owns 190,300 shares of the retailer’s stock valued at $19,612,000 after acquiring an additional 695 shares in the last quarter. Cadent Capital Advisors LLC acquired a new stake in shares of Walmart during the third quarter valued at $355,000. Finally, Gemmer Asset Management LLC increased its position in Walmart by 4.1% during the 3rd quarter. Gemmer Asset Management LLC now owns 7,761 shares of the retailer’s stock worth $800,000 after purchasing an additional 307 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

NASDAQ:WMT opened at $111.56 on Friday. The company has a market cap of $889.15 billion, a P/E ratio of 39.01, a P/E/G ratio of 5.15 and a beta of 0.64. The firm’s 50 day moving average is $108.05 and its two-hundred day moving average is $102.43. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $117.45. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. KeyCorp reissued an “overweight” rating and set a $120.00 price objective (up previously from $110.00) on shares of Walmart in a research note on Friday, November 21st. BMO Capital Markets raised their target price on shares of Walmart from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Wolfe Research began coverage on shares of Walmart in a research note on Thursday, September 18th. They issued an “outperform” rating and a $129.00 target price for the company. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Walmart in a research note on Tuesday, December 9th. Thirty-two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $120.54.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $107.18, for a total value of $2,081,006.88. Following the transaction, the chief executive officer owned 4,354,162 shares in the company, valued at approximately $466,679,083.16. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $111.23, for a total transaction of $244,706.00. Following the transaction, the executive vice president directly owned 617,318 shares in the company, valued at approximately $68,664,281.14. This trade represents a 0.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 108,412 shares of company stock worth $11,741,699. 0.10% of the stock is owned by insiders.

About Walmart

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.