Freedom Day Solutions LLC Sells 3,199 Shares of Walmart Inc. (NYSE:WMT)

Freedom Day Solutions LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,058 shares of the retailer’s stock after selling 3,199 shares during the quarter. Walmart accounts for about 1.1% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 20th largest position. Freedom Day Solutions LLC’s holdings in Walmart were worth $3,529,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMT. Jennison Associates LLC boosted its holdings in shares of Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. FMR LLC boosted its holdings in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Up 0.1 %

Shares of WMT stock opened at $103.90 on Thursday. Walmart Inc. has a 12-month low of $57.60 and a 12-month high of $105.30. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $95.56 and its 200-day moving average price is $86.17. The stock has a market capitalization of $834.69 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on WMT. Citigroup increased their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.87.

Walmart Company 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.