Pinnacle Bancorp Inc. Has $1.02 Million Holdings in Walmart Inc. (NYSE:WMT)

Pinnacle Bancorp Inc. raised its position in shares of Walmart Inc. (NYSE:WMT) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,338 shares of the retailer’s stock after buying an additional 269 shares during the period. Pinnacle Bancorp Inc.’s holdings in Walmart were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Brophy Wealth Management LLC acquired a new position in Walmart during the 3rd quarter worth about $2,072,000. Bank of New Hampshire raised its stake in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares during the last quarter. Iowa State Bank lifted its position in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Walmart in the third quarter valued at approximately $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold 138,347 shares of company stock worth $12,311,491 over the last ninety days. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. Sanford C. Bernstein upped their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Price Performance

Shares of NYSE WMT opened at $91.39 on Thursday. The company has a fifty day moving average price of $90.70 and a 200 day moving average price of $80.96. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The firm has a market cap of $734.17 billion, a PE ratio of 37.51, a PEG 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 (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Research analysts predict that Walmart Inc. will post 2.47 earnings per share 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.