Schrum Private Wealth Management LLC Sells 2,056 Shares of Walmart Inc. (NYSE:WMT)

Schrum Private Wealth Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 30.8% during the 4th quarter, according to its most recent Form 13F filing 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 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new position in Walmart in the 3rd quarter worth $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.1 %

NYSE WMT opened at $96.00 on Thursday. The company has a market capitalization of $771.16 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 4.42 and a beta of 0.53. The stock’s 50 day moving average is $96.15 and its two-hundred day moving average is $88.09. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Bank of America boosted their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $103.07.

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.