Pinnacle Bancorp Inc. Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Pinnacle Bancorp Inc. boosted its position in Walmart Inc. (NYSE:WMT) by 198.7% during the 1st quarter, HoldingsChannel reports. The firm owned 10,008 shares of the retailer’s stock after purchasing an additional 6,658 shares during the period. Pinnacle Bancorp Inc.’s holdings in Walmart were worth $602,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AHL Investment Management Inc. lifted its position in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. lifted its position in shares of Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after buying an additional 315 shares in the last quarter. Core Wealth Advisors Inc. lifted its position in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares in the last quarter. Motco lifted its position in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after buying an additional 726 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its position in shares of Walmart by 204.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after buying an additional 4,374 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT stock opened at $67.74 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The stock has a market capitalization of $544.87 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 3.92 and a beta of 0.52. The stock has a fifty day simple moving average of $64.07 and a two-hundred day simple moving average of $59.29. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WMT shares. HSBC lifted their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. UBS Group lifted their target price on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Morgan Stanley lifted their target price on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. The Goldman Sachs Group lifted their target price on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group lifted their target price on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders sold 14,502,762 shares of company stock worth $951,475,618 in the last three months. 45.58% of the stock is owned by insiders.

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.