Walmart Inc. (NYSE:WMT) Shares Bought by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 94.1% in the first quarter, HoldingsChannel reports. The fund owned 45,774 shares of the retailer’s stock after buying an additional 22,196 shares during the quarter. Walmart makes up about 0.9% of Pinion Investment Advisors LLC’s portfolio, making the stock its 22nd largest position. Pinion Investment Advisors LLC’s holdings in Walmart were worth $4,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC grew its position in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. UBS Group reduced their target price on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Evercore ISI increased their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Robert W. Baird increased their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $94.20 on Friday. Walmart Inc. has a 1-year low of $66.41 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business’s fifty day moving average price is $95.79 and its two-hundred day moving average price is $94.08. The firm has a market capitalization of $751.76 billion, a PE ratio of 39.09, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

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.