Pinnacle Wealth Planning Services Inc. raised its holdings in Walmart Inc (NYSE:WMT) by 8.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,338 shares of the retailer’s stock after purchasing an additional 326 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Walmart were worth $480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares in the last quarter. National Pension Service grew its stake in shares of Walmart by 6.1% in the 4th quarter. National Pension Service now owns 1,353,556 shares of the retailer’s stock worth $133,352,000 after acquiring an additional 77,658 shares in the last quarter. Mutual Advisors LLC grew its stake in shares of Walmart by 19.3% in the 4th quarter. Mutual Advisors LLC now owns 10,587 shares of the retailer’s stock worth $986,000 after acquiring an additional 1,710 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in shares of Walmart by 2.1% in the 4th quarter. First Allied Advisory Services Inc. now owns 88,386 shares of the retailer’s stock worth $8,230,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Karpus Management Inc. bought a new stake in shares of Walmart in the 4th quarter worth $204,000. 29.99% of the stock is currently owned by institutional investors.

WMT traded down $0.35 during trading on Thursday, hitting $111.67. 299,661 shares of the company traded hands, compared to its average volume of 6,742,025. The firm has a market cap of $320.41 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 4.91 and a beta of 0.41. The stock’s fifty day moving average is $111.59 and its 200 day moving average is $104.03. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. Walmart Inc has a one year low of $85.78 and a one year high of $115.49.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. On average, equities research analysts forecast that Walmart Inc will post 4.91 EPS for the current fiscal year.

Several research firms have recently issued reports on WMT. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 target price (up previously from $118.00) on shares of Walmart in a research note on Friday, August 16th. Morgan Stanley set a $115.00 target price on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim reiterated a “buy” rating and issued a $125.00 target price on shares of Walmart in a research note on Thursday, August 15th. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Wednesday, May 22nd. Finally, Deutsche Bank set a $124.00 target price on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $114.51.

In other Walmart news, insider John R. Furner sold 7,900 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 737,813 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $105.28, for a total transaction of $77,676,952.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,783,026 shares of company stock valued at $187,848,418. 51.11% of the stock is owned by company insiders.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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