Walmart Inc. (NYSE:WMT) Stock Holdings Trimmed by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. reduced its position in Walmart Inc. (NYSE:WMT) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,944 shares of the retailer’s stock after selling 105 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Walmart were worth $537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at approximately $32,000. Finally, Hoese & Co LLP acquired a new position in Walmart in the third quarter valued at approximately $33,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $101.17 on Friday. The company’s fifty day moving average is $93.89 and its two-hundred day moving average is $83.95. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $103.11. The company has a market cap of $812.73 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55.

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

Insider Buying and Selling at Walmart

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMT. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

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.