Pinion Investment Advisors LLC Sells 299 Shares of Walmart Inc. (NYSE:WMT)

Pinion Investment Advisors LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 23,578 shares of the retailer’s stock after selling 299 shares during the period. Walmart comprises 0.8% of Pinion Investment Advisors LLC’s portfolio, making the stock its 24th biggest holding. Pinion Investment Advisors LLC’s holdings in Walmart were worth $2,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Burt Wealth Advisors lifted its holdings in Walmart by 17.0% during the fourth quarter. Burt Wealth Advisors now owns 10,195 shares of the retailer’s stock valued at $921,000 after purchasing an additional 1,483 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Walmart by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,581,550 shares of the retailer’s stock valued at $2,853,393,000 after purchasing an additional 344,781 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Walmart by 2.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,022,323 shares of the retailer’s stock valued at $92,367,000 after buying an additional 26,431 shares in the last quarter. Global Strategic Investment Solutions LLC bought a new position in Walmart in the 4th quarter worth $228,000. Finally, Resolute Wealth Strategies LLC increased its stake in Walmart by 1.7% in the 4th quarter. Resolute Wealth Strategies LLC now owns 17,721 shares of the retailer’s stock worth $1,601,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus boosted their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Trading Down 1.1 %

NYSE WMT opened at $97.49 on Tuesday. The stock has a market cap of $783.17 billion, a PE ratio of 40.45, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $58.40 and a 12 month high of $105.30. The company’s 50-day moving average price is $96.04 and its 200-day moving average price is $87.88. 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 (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by corporate insiders.

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.