Pinnacle Financial Partners Inc. Has $2.12 Million Position in Walmart Inc (NYSE:WMT)

Pinnacle Financial Partners Inc. lifted its stake in shares of Walmart Inc (NYSE:WMT) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,777 shares of the retailer’s stock after acquiring an additional 655 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Walmart were worth $2,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $105,000. Lenox Wealth Advisors Inc. boosted its stake in shares of Walmart by 13,287.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after buying an additional 1,063 shares during the period. Hanseatic Management Services Inc. boosted its stake in shares of Walmart by 106.0% during the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after buying an additional 618 shares during the period. We Are One Seven LLC acquired a new stake in shares of Walmart during the 4th quarter valued at $123,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Walmart during the 4th quarter valued at $127,000. Institutional investors and hedge funds own 29.77% of the company’s stock.

WMT has been the subject of a number of research reports. JPMorgan Chase reissued a “neutral” rating on shares of Walmart in a research note on Tuesday, January 23rd. Barclays lifted their target price on shares of Walmart to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Vetr raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.28 price objective for the company in a research note on Thursday, February 1st. ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen set a $120.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Thursday, February 8th. Nineteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Walmart presently has a consensus rating of “Buy” and a consensus price target of $96.56.

Walmart traded down $0.74, reaching $82.63, on Wednesday, according to MarketBeat.com. The company’s stock had a trading volume of 171,200 shares, compared to its average volume of 11,133,298. The stock has a market cap of $250.35 billion, a P/E ratio of 18.72, a PEG ratio of 2.91 and a beta of 0.54. Walmart Inc has a 52 week low of $73.13 and a 52 week high of $109.98. The company has a quick ratio of 0.20, a current ratio of 0.73 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $122.69 billion for the quarter, compared to analysts’ expectations of $119.29 billion. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. research analysts anticipate that Walmart Inc will post 4.89 earnings per share for the current year.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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