Walmart Inc. (NYSE:WMT) Shares Sold by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 9.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,274 shares of the retailer’s stock after selling 1,064 shares during the period. Pinnacle Bancorp Inc.’s holdings in Walmart were worth $902,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Horizon Financial Services LLC grew its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in Walmart in the 1st quarter worth about $35,000. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth about $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart during the 4th quarter worth about $41,000. Finally, Nexus Investment Management ULC purchased a new stake in Walmart during the first quarter valued at about $49,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $97.24 on Thursday. The business has a 50 day moving average of $96.65 and a 200-day moving average of $94.20. The company has a market capitalization of $776.02 billion, a P/E ratio of 41.56, a P/E/G ratio of 4.78 and a beta of 0.69. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is 40.17%.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the transaction, the executive vice president now owns 1,060,455 shares in the company, valued at approximately $100,997,734.20. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,295 shares of company stock valued at $11,801,762 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WMT. Mizuho lifted their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Evercore ISI lifted their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. KeyCorp boosted their target price on shares of Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Raymond James Financial reduced their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Finally, DA Davidson reiterated a “buy” rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Walmart 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.