Pinnacle Wealth Management Advisory Group LLC Sells 2,163 Shares of Walmart Inc. (NYSE:WMT)

Pinnacle Wealth Management Advisory Group LLC decreased its position in Walmart Inc. (NYSE:WMT) by 1.7% during the first quarter, HoldingsChannel.com reports. The firm owned 126,687 shares of the retailer’s stock after selling 2,163 shares during the quarter. Walmart makes up approximately 1.0% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 27th largest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Walmart were worth $11,122,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMT. GAMMA Investing LLC increased its position in shares of Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Northern Trust Corp increased its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock valued at $324,410,000 after purchasing an additional 3,512,368 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer’s stock valued at $882,282,000 after purchasing an additional 3,182,477 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Evercore ISI upped their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $106.67.

Walmart Stock Up 0.9%

NYSE:WMT opened at $97.45 on Monday. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The company has a market cap of $777.72 billion, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 4.69 and a beta of 0.68. The stock has a fifty day simple moving average of $96.76 and a 200-day simple moving average of $94.86. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is currently 40.17%.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares in the company, valued at $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,696 shares of company stock worth $12,222,245. Corporate insiders own 45.58% of the company’s stock.

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.