First PREMIER Bank Decreases Stock Position in Walmart Inc. (NYSE:WMT)

First PREMIER Bank cut its holdings in Walmart Inc. (NYSE:WMT) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,403 shares of the retailer’s stock after selling 679 shares during the quarter. First PREMIER Bank’s holdings in Walmart were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Syverson Strege & Co increased its stake in Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after acquiring an additional 85 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in Walmart by 1.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock worth $975,000 after acquiring an additional 100 shares during the last quarter. Pinnacle Holdings LLC increased its stake in Walmart by 0.9% in the 4th quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock worth $1,822,000 after acquiring an additional 108 shares during the last quarter. Trust Co of the South increased its stake in Walmart by 0.5% in the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after acquiring an additional 138 shares during the last quarter. Finally, Power Corp of Canada boosted its holdings in shares of Walmart by 0.5% in the 4th quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock worth $4,730,000 after purchasing an additional 139 shares during the period. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. Royal Bank of Canada lifted their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Barclays lifted their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. TD Cowen boosted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $81.96.

Walmart Trading Up 0.4 %

WMT opened at $80.03 on Wednesday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The business has a fifty day simple moving average of $75.88 and a 200-day simple moving average of $68.52. The firm has a market cap of $643.30 billion, a P/E ratio of 34.11, a P/E/G ratio of 4.05 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. On average, equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,670 shares of company stock valued at $958,267,937 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.