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

Key Points

• Spirit of America Management Corp NY reduced its holdings in Walmart by 5.5% in the second quarter, now owning 44,452 shares valued at approximately $4.35 million.
• Several hedge funds have made significant adjustments to their Walmart stakes, with some increasing holdings by as much as 432.4%.
• Analysts have raised Walmart’s target stock price with 31 analysts rating it as a 'Buy' and a consensus target price of approximately $112.63.

Spirit of America Management Corp NY trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Operose Advisors LLC boosted its holdings in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. PFS Partners LLC boosted its stake in shares of Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after acquiring an additional 233 shares in the last quarter. Bear Mountain Capital Inc. boosted its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after acquiring an additional 294 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its stake in shares of Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after acquiring an additional 115 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WMT shares. Bank of America increased their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Tigress Financial increased their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Oppenheimer increased their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price target 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. Thirty-one research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and a consensus target price of $112.63.

Walmart Stock Up 1.3%

WMT stock opened at $107.80 on Friday. The company has a market cap of $859.50 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 5.02 and a beta of 0.67. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57. The firm has a 50-day moving average of $101.69 and a two-hundred day moving average of $97.86.

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

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the sale, the chief executive officer owned 4,373,576 shares in the company, valued at approximately $451,396,778.96. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the sale, the executive vice president owned 1,048,455 shares of the company's stock, valued at approximately $108,861,082.65. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,038 shares of company stock worth $15,249,614 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

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.

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