Pinnacle Bancorp Inc. Has $602,000 Holdings in Walmart Inc. (NYSE:WMT)

Pinnacle Bancorp Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 198.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,008 shares of the retailer’s stock after buying an additional 6,658 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Walmart were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WMT. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter worth approximately $3,674,652,000. BlueSpruce Investments LP acquired a new stake in shares of Walmart during the 4th quarter worth approximately $568,419,000. International Assets Investment Management LLC grew its position in shares of Walmart by 15,371.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after buying an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after buying an additional 2,150,351 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Walmart by 207.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock worth $137,170,000 after buying an additional 1,537,828 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.2 %

NYSE WMT opened at $67.74 on Friday. The stock has a market capitalization of $544.87 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 3.92 and a beta of 0.52. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The business’s fifty day moving average is $64.07 and its 200-day moving average is $59.29.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Roth Mkm raised their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Stifel Nicolaus lifted their price target on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Morgan Stanley lifted their price target on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. HSBC lifted their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, TD Cowen lifted their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.97.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,502,762 shares of company stock valued at $951,475,618. 45.58% of the stock is owned by insiders.

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.