Pinnacle Bancorp Inc. Purchases 269 Shares of Walmart Inc. (NYSE:WMT)

Pinnacle Bancorp Inc. increased its position in Walmart Inc. (NYSE:WMT) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 11,338 shares of the retailer’s stock after buying an additional 269 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Walmart were worth $1,024,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Redhawk Wealth Advisors Inc. lifted its position in shares of Walmart by 3.0% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 12,920 shares of the retailer’s stock valued at $1,167,000 after buying an additional 382 shares during the last quarter. Websterrogers Financial Advisors LLC raised its stake in Walmart by 64.2% in the 4th quarter. Websterrogers Financial Advisors LLC now owns 4,372 shares of the retailer’s stock valued at $395,000 after acquiring an additional 1,710 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in Walmart by 2.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 13,516 shares of the retailer’s stock valued at $1,221,000 after purchasing an additional 287 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its position in Walmart by 9.3% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 19,067 shares of the retailer’s stock worth $1,723,000 after purchasing an additional 1,619 shares during the period. Finally, Burney Co. increased its holdings in shares of Walmart by 16.6% in the fourth quarter. Burney Co. now owns 221,846 shares of the retailer’s stock valued at $20,044,000 after purchasing an additional 31,664 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 138,347 shares of company stock worth $12,311,491. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WMT shares. Morgan Stanley raised their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Piper Sandler increased their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Telsey Advisory Group lifted their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Walmart Price Performance

Shares of NYSE:WMT opened at $91.39 on Thursday. The stock has a market cap of $734.17 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company has a 50 day moving average of $90.70 and a 200 day moving average of $80.96.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Company 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.