Spirit of America Management Corp NY Decreases Stock Holdings in Walmart Inc. $WMT

Spirit of America Management Corp NY reduced its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 27.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Zone Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 1,203 shares during the period. Secured Retirement Advisors LLC increased its stake in Walmart by 8.1% in the third quarter. Secured Retirement Advisors LLC now owns 16,990 shares of the retailer’s stock valued at $1,751,000 after purchasing an additional 1,268 shares during the period. Whitener Capital Management Inc. raised its holdings 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 buying an additional 695 shares during the last quarter. Cadent Capital Advisors LLC acquired a new stake in shares of Walmart during the third quarter worth about $355,000. Finally, Gemmer Asset Management LLC boosted its stake in shares of Walmart by 4.1% during the third quarter. Gemmer Asset Management LLC now owns 7,761 shares of the retailer’s stock worth $800,000 after buying an additional 307 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Bank of America upped their price objective on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. UBS Group set a $130.00 price target on Walmart in a research note on Wednesday, December 3rd. DA Davidson set a $130.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, November 21st. Morgan Stanley reissued an “overweight” rating and issued a $125.00 price objective (up from $115.00) on shares of Walmart in a research note on Friday, November 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $123.00 target price on shares of Walmart in a report on Tuesday, December 9th. Thirty-two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.54.

Walmart Price Performance

Walmart stock opened at $111.56 on Friday. The company has a market cap of $889.15 billion, a P/E ratio of 39.01, a price-to-earnings-growth ratio of 5.15 and a beta of 0.64. Walmart Inc. has a one year low of $79.81 and a one year high of $117.45. The business has a fifty day moving average of $108.05 and a two-hundred day moving average of $102.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80.

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

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total value of $1,414,612.50. Following the completion of the transaction, the executive vice president directly owned 892,940 shares of the company’s stock, valued at $96,241,073.20. This trade represents a 1.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $107.18, for a total value of $2,081,006.88. Following the transaction, the chief executive officer directly owned 4,354,162 shares of the company’s stock, valued at approximately $466,679,083.16. This represents a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 108,412 shares of company stock valued at $11,741,699 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Walmart 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.