Schrum Private Wealth Management LLC Has $417,000 Position in Walmart Inc. (NYSE:WMT)

Schrum Private Wealth Management LLC cut its position in Walmart Inc. (NYSE:WMT) by 30.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,612 shares of the retailer’s stock after selling 2,056 shares during the period. Schrum Private Wealth Management LLC’s holdings in Walmart were worth $417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. FMR LLC lifted its stake in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after acquiring an additional 3,927,173 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMT. Truist Financial upped their price target on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Citigroup reissued a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Finally, StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Stock Performance

Shares of WMT stock opened at $96.00 on Thursday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The firm’s 50-day simple moving average is $96.15 and its two-hundred day simple moving average is $88.09. The firm has a market cap of $771.16 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.98%. Walmart’s dividend payout ratio (DPR) is 39.00%.

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.