Pinnacle Wealth Planning Services Inc. Sells 2,830 Shares of Walmart Inc. (NYSE:WMT)

Pinnacle Wealth Planning Services Inc. trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,573 shares of the retailer's stock after selling 2,830 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Walmart were worth $2,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC raised its stake 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 valued at $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $27,000. Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter valued at $37,000. Finally, Mizuho Bank Ltd. bought a new stake in Walmart during the fourth quarter valued at approximately $41,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 1.2%

Shares of WMT stock traded up $1.18 on Tuesday, hitting $97.52. The company's stock had a trading volume of 17,168,296 shares, compared to its average volume of 17,858,663. 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 stock has a market capitalization of $780.25 billion, a price-to-earnings ratio of 40.46, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The firm's fifty day moving average price is $92.54 and its 200-day moving average price is $93.12.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,583 shares of company stock valued at $16,701,404 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. UBS Group reduced their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Morgan Stanley restated an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. 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. Finally, Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.94.

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.