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

Spirit of America Management Corp NY lowered its position in shares of Walmart Inc. (NYSE:WMT) by 5.5% in the second quarter, Holdings Channel reports. The institutional investor owned 44,452 shares of the retailer’s stock after selling 2,600 shares during the quarter. Spirit of America Management Corp NY’s holdings in Walmart were worth $4,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Brighton Jones LLC increased its holdings in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after buying an additional 485 shares during the last quarter. Mainstream Capital Management LLC boosted its position in shares of Walmart by 13.6% during the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer’s stock worth $1,084,000 after purchasing an additional 1,474 shares during the period. GAMMA Investing LLC boosted its position in shares of Walmart by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 90,440 shares of the retailer’s stock worth $7,940,000 after purchasing an additional 11,018 shares during the period. Finally, ORG Wealth Partners LLC boosted its position in shares of Walmart by 260.6% during the 1st quarter. ORG Wealth Partners LLC now owns 47,940 shares of the retailer’s stock worth $4,259,000 after purchasing an additional 34,647 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $101.33, for a total value of $222,926.00. Following the sale, the executive vice president directly owned 621,718 shares in the company, valued at approximately $62,998,684.94. This trade represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the completion of the sale, the executive vice president owned 892,940 shares in the company, valued at $96,241,073.20. The trade was a 1.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 151,038 shares of company stock worth $15,249,614. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WMT shares. The Goldman Sachs Group increased their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Bank of America increased their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. BTIG Research started coverage on shares of Walmart in a research report on Tuesday. They set a “buy” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Walmart from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Finally, Oppenheimer increased their price objective on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Thirty-one analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $112.63.

Walmart Stock Performance

Shares of WMT stock opened at $107.80 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $109.57. The stock has a market capitalization of $859.50 billion, a PE ratio of 40.53, a P/E/G ratio of 5.02 and a beta of 0.67. The firm has a 50 day moving average of $101.69 and a two-hundred day moving average of $97.86.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. Walmart’s revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Profile

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.