Security National Bank of SO Dak Has $3.25 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Security National Bank of SO Dak lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,006 shares of the retailer’s stock after purchasing an additional 665 shares during the quarter. Walmart accounts for 1.9% of Security National Bank of SO Dak’s holdings, making the stock its 12th biggest holding. Security National Bank of SO Dak’s holdings in Walmart were worth $3,250,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Swiss National Bank boosted its position in Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after buying an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after buying an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. HSBC boosted their price target on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Stifel Nicolaus raised their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Oppenheimer boosted their target price on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $80.19.

Walmart Stock Performance

Shares of WMT opened at $79.91 on Friday. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The company has a market cap of $642.34 billion, a PE ratio of 34.20, a P/E/G ratio of 4.04 and a beta of 0.51. The stock has a 50-day moving average of $74.26 and a 200-day moving average of $67.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,317,999 shares of company stock worth $956,341,379. 45.58% of the stock is owned by corporate 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.