Solidarity Wealth LLC Decreases Stake in Walmart Inc. (NYSE:WMT)

Solidarity Wealth LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 79.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,823 shares of the retailer’s stock after selling 26,494 shares during the period. Solidarity Wealth LLC’s holdings in Walmart were worth $551,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Successful Portfolios LLC grew its position in Walmart by 237.3% in the 1st quarter. Successful Portfolios LLC now owns 42,524 shares of the retailer’s stock worth $2,559,000 after purchasing an additional 29,918 shares during the period. Oak Asset Management LLC increased its position in Walmart by 200.0% during the first quarter. Oak Asset Management LLC now owns 13,893 shares of the retailer’s stock valued at $836,000 after acquiring an additional 9,262 shares during the last quarter. Pettinga Financial Advisors LLC lifted its holdings in Walmart by 200.4% in the first quarter. Pettinga Financial Advisors LLC now owns 6,092 shares of the retailer’s stock valued at $367,000 after acquiring an additional 4,064 shares during the period. Seaside Wealth Management Inc. boosted its position in Walmart by 200.0% in the first quarter. Seaside Wealth Management Inc. now owns 5,763 shares of the retailer’s stock worth $347,000 after purchasing an additional 3,842 shares during the last quarter. Finally, Chapin Davis Inc. grew its stake in shares of Walmart by 221.8% during the 1st quarter. Chapin Davis Inc. now owns 17,450 shares of the retailer’s stock valued at $1,050,000 after purchasing an additional 12,028 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock worth $958,577,287 over the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMT. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Royal Bank of Canada upped their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. BMO Capital Markets restated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. Finally, Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $83.83.

Walmart Stock Performance

Walmart stock opened at $81.43 on Thursday. The company’s 50-day moving average price is $79.54 and its 200-day moving average price is $70.86. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market cap of $654.55 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 2.44 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.