Dakota Community Bank & Trust NA Purchases 110 Shares of Walmart Inc. (NYSE:WMT)

Dakota Community Bank & Trust NA raised its position in Walmart Inc. (NYSE:WMT) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,879 shares of the retailer’s stock after purchasing an additional 110 shares during the quarter. Walmart accounts for approximately 1.2% of Dakota Community Bank & Trust NA’s portfolio, making the stock its 28th biggest holding. Dakota Community Bank & Trust NA’s holdings in Walmart were worth $260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its stake in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. FMR LLC lifted its position in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 completion of the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,177 shares of company stock worth $12,478,149. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $92.02 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The business’s 50-day moving average price is $91.15 and its two-hundred day moving average price is $81.27.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Truist Financial upped their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

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.