City State Bank Has $791,000 Stake in Walmart Inc. (NYSE:WMT)

City State Bank increased its stake in shares of Walmart Inc. (NYSE:WMT) by 212.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,143 shares of the retailer’s stock after acquiring an additional 8,940 shares during the period. City State Bank’s holdings in Walmart were worth $791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwest Capital Management Inc raised its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC bought a new position in Walmart in the fourth quarter valued at $30,000. Able Wealth Management LLC bought a new position in Walmart in the fourth quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart in the fourth quarter valued at $32,000. Finally, Signature Resources Capital Management LLC bought a new position in Walmart in the fourth quarter valued at $35,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Roth Mkm raised their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. KeyCorp raised their target price on shares of Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Citigroup raised their target price on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Royal Bank of Canada raised their target price on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Robert W. Baird lifted their price objective on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Walmart Price Performance

Shares of Walmart stock opened at $67.91 on Monday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $68.55. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a 50-day simple moving average of $63.23 and a two-hundred day simple moving average of $58.80. The stock has a market capitalization of $546.24 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the completion of the transaction, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at $244,687,515.15. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock worth $950,549,592 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

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.