Arcadia Investment Management Corp MI Purchases 1,290 Shares of Walmart Inc. (NYSE:WMT)

Arcadia Investment Management Corp MI increased its stake in shares of Walmart Inc. (NYSE:WMT) by 3.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,560 shares of the retailer’s stock after acquiring an additional 1,290 shares during the period. Arcadia Investment Management Corp MI’s holdings in Walmart were worth $3,912,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in Walmart in the first quarter valued at approximately $35,000. Mizuho Bank Ltd. bought a new stake in Walmart in the fourth quarter valued at approximately $41,000. Nexus Investment Management ULC bought a new stake in Walmart in the first quarter valued at approximately $49,000. Finally, WealthTrak Capital Management LLC bought a new stake in Walmart in the fourth quarter valued at approximately $53,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the transaction, the chief executive officer directly owned 4,431,783 shares of the company’s stock, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 142,711 shares of company stock worth $13,710,319. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on WMT. Citigroup restated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Evercore ISI upped their price objective on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Robert W. Baird upped their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, Raymond James Financial decreased their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.67.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.11 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The stock’s 50 day moving average is $97.24 and its 200-day moving average is $94.43. The firm has a market capitalization of $774.98 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 4.78 and a beta of 0.68.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

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.