Security National Bank of Sioux City Iowa IA Has $2.10 Million Stock Position in Walmart Inc. (NYSE:WMT)

Security National Bank of Sioux City Iowa IA raised its position in shares of Walmart Inc. (NYSE:WMT) by 15.5% in the 1st quarter, Holdings Channel reports. The firm owned 15,439 shares of the retailer’s stock after acquiring an additional 2,073 shares during the period. Walmart accounts for approximately 1.7% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 15th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Walmart were worth $2,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Greenhouse Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter worth $26,000. Albion Financial Group UT bought a new stake in shares of Walmart in the fourth quarter worth $27,000. ShoreHaven Wealth Partners LLC bought a new stake in shares of Walmart in the fourth quarter worth $29,000. Perennial Advisors LLC bought a new stake in shares of Walmart in the fourth quarter worth $32,000. Finally, Clark Estates Inc. NY bought a new stake in shares of Walmart in the fourth quarter worth $36,000. Institutional investors and hedge funds own 29.21% of the company’s stock.

In other Walmart news, Director S Robson Walton sold 483,836 shares of the firm’s stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $132.40, for a total transaction of $64,059,886.40. Following the completion of the transaction, the director now directly owns 3,215,991 shares of the company’s stock, valued at approximately $425,797,208.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jim C. Walton sold 106,049 shares of the firm’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $131.23, for a total transaction of $13,916,810.27. Following the transaction, the insider now directly owns 10,507,124 shares of the company’s stock, valued at $1,378,849,882.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,235,353 shares of company stock worth $1,301,680,977. 50.43% of the stock is owned by company insiders.

A number of brokerages have commented on WMT. Royal Bank of Canada upped their price target on shares of Walmart from $163.00 to $173.00 and gave the company an “outperform” rating in a research report on Monday, May 24th. Credit Suisse Group started coverage on shares of Walmart in a report on Wednesday, May 19th. They set an “outperform” rating and a $150.00 price objective on the stock. Citigroup upped their target price on shares of Walmart from $172.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 19th. Morgan Stanley increased their price objective on shares of Walmart from $154.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $165.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the stock. Walmart presently has a consensus rating of “Buy” and an average price target of $162.20.

Shares of WMT traded up $0.43 during mid-day trading on Friday, hitting $140.31. 119,679 shares of the company traded hands, compared to its average volume of 8,714,280. The business has a 50-day moving average price of $140.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.95. The company has a market cap of $393.17 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 4.33 and a beta of 0.46. Walmart Inc. has a 1 year low of $117.01 and a 1 year high of $153.66.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, May 18th. The retailer reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.48. Walmart had a net margin of 2.18% and a return on equity of 19.92%. The company had revenue of $138.30 billion for the quarter, compared to the consensus estimate of $131.53 billion. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Walmart’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 5.95 earnings per share for the current fiscal year.

Walmart announced that its board has initiated a share repurchase plan on Thursday, February 18th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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