Pin Oak Investment Advisors Inc. Trims Holdings in Walmart Inc. (NYSE:WMT)

Pin Oak Investment Advisors Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 12.8% in the third quarter, HoldingsChannel reports. The firm owned 15,937 shares of the retailer’s stock after selling 2,338 shares during the period. Walmart accounts for about 1.2% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its 18th biggest holding. Pin Oak Investment Advisors Inc.’s holdings in Walmart were worth $1,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WMT. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter valued at $26,000. TruNorth Capital Management LLC boosted its holdings in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart during the second quarter worth $29,000. Finally, Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

NYSE:WMT opened at $91.88 on Thursday. The company’s 50-day moving average is $82.81 and its two-hundred day moving average is $74.48. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $92.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $738.55 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company increased their price target on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. KeyCorp increased their target price on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $91.88.

Walmart Company 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.