Pinion Investment Advisors LLC Acquires 22,196 Shares of Walmart Inc. (NYSE:WMT)

Pinion Investment Advisors LLC raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 94.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,774 shares of the retailer's stock after buying an additional 22,196 shares during the quarter. Walmart accounts for about 0.9% of Pinion Investment Advisors LLC's holdings, making the stock its 22nd biggest position. Pinion Investment Advisors LLC's holdings in Walmart were worth $4,018,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter worth about $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart during the 4th quarter valued at about $41,000. Finally, Nexus Investment Management ULC bought a new position in shares of Walmart in the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

NYSE:WMT traded up $0.49 during mid-day trading on Monday, hitting $94.93. The company's stock had a trading volume of 4,218,083 shares, compared to its average volume of 17,890,530. The company has a market capitalization of $757.54 billion, a price-to-earnings ratio of 39.40, a P/E/G ratio of 4.42 and a beta of 0.69. 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 fifty-two week low of $66.41 and a fifty-two week high of $105.30. The stock has a fifty day moving average of $95.79 and a 200-day moving average of $94.09.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Roth Mkm reaffirmed a "buy" rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Guggenheim restated a "buy" rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Finally, KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.50.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently 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.