Pinnacle West Asset Management Inc. Acquires 725 Shares of Walmart Inc. (NYSE:WMT)

Pinnacle West Asset Management Inc. increased its holdings in Walmart Inc. (NYSE:WMT) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,005 shares of the retailer’s stock after buying an additional 725 shares during the period. Walmart accounts for 1.9% of Pinnacle West Asset Management Inc.’s holdings, making the stock its 11th largest position. Pinnacle West Asset Management Inc.’s holdings in Walmart were worth $2,584,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter worth $25,000. TruNorth Capital Management LLC lifted its position 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in Walmart during the second quarter worth about $29,000. FSA Wealth Management LLC raised its position in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. raised its position in shares of Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird boosted their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walmart presently has an average rating of “Buy” and an average price target of $83.51.

Walmart Stock Down 0.3 %

Shares of NYSE:WMT opened at $83.05 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business’s 50-day moving average is $78.71 and its 200-day moving average is $70.08. The company has a market capitalization of $667.58 billion, a price-to-earnings ratio of 43.18, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the 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 transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,295,088 shares of company stock valued at $955,284,831. Corporate insiders own 45.58% of the company’s stock.

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.