Freedom Day Solutions LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Freedom Day Solutions LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 3.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 42,257 shares of the retailer’s stock after purchasing an additional 1,439 shares during the period. Walmart makes up approximately 1.1% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 21st largest position. Freedom Day Solutions LLC’s holdings in Walmart were worth $3,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter worth $25,000. TruNorth Capital Management LLC lifted its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter worth $29,000. FSA Wealth Management LLC lifted its position in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. lifted its position in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WMT shares. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Bank of America raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus boosted their target price on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $83.51.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,784,857. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 0.6 %

Shares of NYSE WMT opened at $82.51 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The firm’s 50 day moving average price is $78.91 and its 200 day moving average price is $70.17. The firm has a market cap of $663.67 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

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

About Walmart

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.