Pinnacle Wealth Management Advisory Group 13F: Cuts WMT Stake by $762K

Pinnacle Wealth Management Advisory Group lowered its stake in Walmart Inc. WMT by 5.5% during the third quarter, selling 7,329 shares to leave a total of 125,398 shares. According to a Form 13F filing on October 23, 2026, the remaining position carried a reported value of $13,031,381. The fund held 132,727 shares prior to the adjustment.

WMT Walmart Inc.

$119.32 ▲ +6.49% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Other Institutional Activity in Walmart Inc.

Other institutional investors also shifted their positions in Walmart Inc. WMT around the same time. Royal Fund Management grew its holdings by 15,642 shares, ending with 107,711 shares worth about $11.2 million. Norden Group reported a stake of 234,825 shares valued at roughly $13.7 million. Howland Capital Management trimmed its stake by 7,849 shares to hold 326,011 shares worth about $33.9 million. Fifth Third Wealth Advisors boosted its holdings by 8,584 shares, ending with 220,628 shares valued at approximately $22.9 million. Barings increased its stake by 21,410 shares, wrapping up the period with 26,039 shares worth about $2.7 million.

Walmart Inc. Stock Up 1.8%

Walmart Inc. WMT recently traded around $119.87 as of October 24, 2026. The stock closed at $119.89 on the day of the filing. Shares sit above both their 50-day and 200-day moving averages, while remaining roughly 11.3% below their 52-week high of $135.16.

Recent Earnings

Walmart Inc. WMT generated trailing twelve month revenue of $735.8 billion alongside $2.84 in earnings per share. The company posted a net profit margin of 3.0% and a return on equity of 22.3%. Revenue grew 5.9% year-over-year. The discount store giant operates retail and wholesale stores, ecommerce websites, and mobile applications globally across its Walmart U.S., Walmart International, and Sam's Club divisions. The company's next earnings report is scheduled for November 19, 2026.

Dividend

Walmart Inc. WMT pays an annual dividend rate of $0.99 per share, translating to a dividend yield of 0.82%. The company maintains a dividend payout ratio of 35.0%.

Insider Buying and Selling at Walmart Inc.

Company insiders completed several transactions prior to the filing. Officer Daniel Danker sold 50,644 shares on August 26, 2026, at an average price of $105.35 for a total value of $5,335,345. Officer Daniel J Bartlett sold 3,950 shares on September 1, 2026, at $105.14 per share, totaling $415,298. Executive Vice President Latriece Watkins sold 5,000 shares under a pre-arranged plan on October 14, 2026, at $115.00 per share for $575,000. Executive Vice President Christopher James Nicholas sold 2,900 shares under a planned trading program on October 15, 2026, at $120.60 per share, totaling $349,751.

Analysts Set New Price Targets

Wall Street analysts adjusted their views on the stock through September and October 2026. DA Davidson maintained a buy rating with a $132.00 target on September 10, 2026. BTIG reiterated a buy rating with a $140.00 target on the same day. Mizuho maintained an outperform rating while lowering its target from $130.00 to $125.00 on September 29, 2026. Deutsche Bank upgraded the stock to a buy rating and raised its target from $113.00 to $136.00 on October 15, 2026. Evercore ISI Group maintained an outperform rating and lifted its target from $125.00 to $130.00 on October 20, 2026. The stock currently holds a consensus recommendation of buy with 40 analyst opinions and a mean target price of $127.48.

About Walmart Inc.

Walmart Inc. WMT operates a massive network of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company serves millions of customers weekly through physical locations and digital platforms. Institutional adjustments by firms like Pinnacle Wealth Management Advisory Group provide ongoing context on how professional investors manage large positions in the retail bellwether.

Bottom Line

Investors will look toward Walmart Inc. WMT's upcoming earnings release on November 19, 2026, for further updates on retail demand and profit margins. Monitoring subsequent institutional filings will show whether other major funds continue trimming or expanding their retail holdings.