Schneider Downs Wealth Management Advisors LP Sells 396 Shares of Walmart Inc. (NYSE:WMT)

Schneider Downs Wealth Management Advisors LP trimmed its holdings in Walmart Inc. (NYSE:WMT) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,737 shares of the retailer’s stock after selling 396 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Walmart were worth $699,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter valued at $32,000. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $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. In the last quarter, insiders sold 146,528 shares of company stock valued at $13,849,185. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.6 %

WMT stock opened at $96.11 on Thursday. The stock’s fifty day simple moving average is $95.70 and its two-hundred day simple moving average is $87.17. 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 $58.20 and a 1-year high of $105.30. The stock has a market cap of $772.10 billion, a P/E ratio of 39.88, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $178.83 billion. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WMT shares. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $103.07.

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.