Alerus Financial NA Raises Holdings in Walmart Inc. (NYSE:WMT)

Alerus Financial NA lifted its stake in shares of Walmart Inc. (NYSE:WMTGet Rating) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,602 shares of the retailer’s stock after purchasing an additional 1,983 shares during the quarter. Alerus Financial NA’s holdings in Walmart were worth $3,705,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. KWB Wealth raised its stake in shares of Walmart by 1.9% during the 3rd quarter. KWB Wealth now owns 3,722 shares of the retailer’s stock valued at $519,000 after purchasing an additional 68 shares during the period. Peddock Capital Advisors LLC increased its stake in Walmart by 0.6% in the 3rd quarter. Peddock Capital Advisors LLC now owns 12,215 shares of the retailer’s stock worth $1,702,000 after acquiring an additional 73 shares during the last quarter. Stokes Capital Advisors LLC increased its stake in Walmart by 2.0% in the 4th quarter. Stokes Capital Advisors LLC now owns 3,714 shares of the retailer’s stock worth $537,000 after acquiring an additional 73 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake in Walmart by 11.7% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 715 shares of the retailer’s stock worth $100,000 after acquiring an additional 75 shares during the last quarter. Finally, Demars Financial Group LLC increased its stake in Walmart by 3.2% in the 4th quarter. Demars Financial Group LLC now owns 2,440 shares of the retailer’s stock worth $353,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 30.79% of the company’s stock.

WMT has been the topic of a number of research analyst reports. Stephens decreased their target price on Walmart to $160.00 and set an “underweight” rating on the stock in a research note on Thursday, May 19th. MKM Partners reduced their price objective on Walmart to $159.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Walmart from $184.00 to $181.00 in a research report on Monday, May 16th. Bank of America reduced their price objective on Walmart from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Finally, StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $157.57.

In related news, major shareholder Jim C. Walton sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $140.13, for a total value of $7,006,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the company’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $136.20, for a total value of $159,004,374.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,411,690 shares of company stock valued at $193,321,410. 48.44% of the stock is owned by corporate insiders.

WMT stock traded up $0.24 on Wednesday, reaching $124.37. 154,618 shares of the company traded hands, compared to its average volume of 8,985,863. Walmart Inc. has a one year low of $117.27 and a one year high of $160.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.86 and a quick ratio of 0.28. The company has a market cap of $342.36 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 3.38 and a beta of 0.49. The firm has a fifty day simple moving average of $148.06 and a 200-day simple moving average of $143.53.

Walmart (NYSE:WMTGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The company had revenue of $141.60 billion for the quarter, compared to the consensus estimate of $138.05 billion. During the same period last year, the business earned $1.69 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Walmart Inc. will post 6.4 EPS for the current year.

About Walmart (Get Rating)

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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