Arcadia Investment Management Corp MI Has $3.19 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Arcadia Investment Management Corp MI lifted its stake in Walmart Inc. (NYSE:WMT) by 16.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,533 shares of the retailer’s stock after acquiring an additional 5,615 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Walmart were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. New Covenant Trust Company N.A. increased its position in Walmart by 16.1% during the third quarter. New Covenant Trust Company N.A. now owns 8,985 shares of the retailer’s stock worth $717,000 after buying an additional 1,246 shares during the last quarter. Princeton Global Asset Management LLC increased its position in Walmart by 108.8% during the third quarter. Princeton Global Asset Management LLC now owns 1,574 shares of the retailer’s stock worth $127,000 after buying an additional 820 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its position in Walmart by 0.5% during the third quarter. Argonautica Private Wealth Management Inc. now owns 60,969 shares of the retailer’s stock worth $4,923,000 after buying an additional 294 shares during the last quarter. Sollinda Capital Management LLC acquired a new position in Walmart during the third quarter worth $215,000. Finally, BluePath Capital Management LLC increased its position in Walmart by 10.5% during the third quarter. BluePath Capital Management LLC now owns 12,960 shares of the retailer’s stock worth $1,047,000 after buying an additional 1,228 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.3 %

Shares of WMT opened at $82.19 on Friday. The stock has a market cap of $660.66 billion, a price-to-earnings ratio of 42.81, a P/E/G ratio of 4.10 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The company has a 50-day moving average price of $79.80 and a two-hundred day moving average price of $71.17.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. Equities analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on WMT. The Goldman Sachs Group increased their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Barclays increased their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Roth Mkm raised their price target on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Citigroup raised their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Bank of America raised their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $83.89.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,334,337 shares of company stock valued at $958,577,287. Corporate insiders own 45.58% of the company’s stock.

Walmart 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.