Cromwell Holdings LLC Has $1.08 Million Position in Walmart Inc. (NYSE:WMT)

Cromwell Holdings LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,947 shares of the retailer’s stock after purchasing an additional 128 shares during the period. Walmart makes up 0.6% of Cromwell Holdings LLC’s portfolio, making the stock its 24th biggest position. Cromwell Holdings LLC’s holdings in Walmart were worth $1,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SC&H Financial Advisors Inc. boosted its stake in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares in the last quarter. Scarborough Advisors LLC lifted its holdings in Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares during the last quarter. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares in the last quarter. Rooted Wealth Advisors Inc. boosted its position in Walmart by 2.6% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer’s stock valued at $394,000 after buying an additional 110 shares in the last quarter. Finally, Hobart Private Capital LLC grew its stake in Walmart by 1.6% during the fourth quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after buying an additional 111 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 6.5 %

Walmart stock opened at $97.22 on Friday. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $781.02 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 4.40 and a beta of 0.55. The company’s 50 day simple moving average is $95.62 and its 200 day simple moving average is $86.25.

Walmart (NYSE:WMT) last announced its quarterly 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 net margin of 2.92% and a return on equity of 21.78%. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Walmart Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 21st will be issued a $0.235 dividend. This is an increase from Walmart’s previous quarterly dividend of $0.21. This represents a $0.94 annualized dividend and a dividend yield of 0.97%. Walmart’s dividend payout ratio is 34.06%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. KeyCorp raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company upped their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.87.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 176,777 shares of company stock valued at $16,570,112 over the last 90 days. 45.58% of the stock is owned by company insiders.

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.