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

Pinnacle Bancorp Inc. cut its stake in shares of Walmart Inc. (NYSE:WMT) by 9.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.

Other institutional investors also recently made changes to their positions in the company. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart during the first quarter worth approximately $35,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter worth $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the fourth quarter worth $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart in the 1st quarter valued at $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Stifel Nicolaus reduced their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Truist Financial upped their target price on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. KeyCorp raised their target price on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Finally, Robert W. Baird boosted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $106.50.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the transaction, the chief executive officer now directly owns 4,480,347 shares in the company, valued at $422,003,883.93. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now owns 398,024 shares of the company’s stock, valued at $35,288,807.84. This represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,295 shares of company stock worth $11,801,762 over the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $97.24 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The firm’s 50-day simple moving average is $96.65 and its 200-day simple moving average is $94.20. The firm has a market cap of $776.02 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared 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. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

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.