Sollinda Capital Management LLC Takes $215,000 Position in Walmart Inc. (NYSE:WMT)

Sollinda Capital Management LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,660 shares of the retailer’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Legal & General Group Plc raised its holdings in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. Raymond James & Associates raised its holdings in Walmart by 3.0% during the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after purchasing an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.3 %

Shares of NYSE:WMT traded up $0.24 during mid-day trading on Friday, hitting $82.19. The stock had a trading volume of 12,181,833 shares, compared to its average volume of 11,532,335. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $660.66 billion, a PE ratio of 42.73, a P/E/G ratio of 4.10 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. The company’s 50 day moving average is $79.80 and its 200-day moving average is $71.09.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Bank of America lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group boosted their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.89.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, 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. In the last three months, insiders have sold 12,334,337 shares of company stock worth $958,577,287. 45.58% of the stock is owned by insiders.

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.