Arcadia Investment Management Corp MI Has $2.30 Million Position in Walmart Inc. (NYSE:WMT)

Arcadia Investment Management Corp MI grew its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 31.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,918 shares of the retailer's stock after purchasing an additional 8,150 shares during the period. Arcadia Investment Management Corp MI's holdings in Walmart were worth $2,297,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Shields Capital Management LLC raised its position in shares of Walmart by 4.2% in the second quarter. Wellington Shields Capital Management LLC now owns 24,670 shares of the retailer's stock valued at $1,670,000 after purchasing an additional 1,000 shares during the period. Farmers & Merchants Investments Inc. grew its position in shares of Walmart by 1.1% in the second quarter. Farmers & Merchants Investments Inc. now owns 478,901 shares of the retailer's stock valued at $32,426,000 after purchasing an additional 5,118 shares during the last quarter. Slocum Gordon & Co LLP increased its stake in shares of Walmart by 2.6% in the second quarter. Slocum Gordon & Co LLP now owns 11,759 shares of the retailer's stock worth $796,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System grew its holdings in Walmart by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 1,284,842 shares of the retailer's stock valued at $86,997,000 after buying an additional 10,085 shares during the last quarter. Finally, Denver PWM LLC bought a new position in Walmart in the 2nd quarter worth approximately $186,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WMT shares. StockNews.com raised Walmart from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. Robert W. Baird increased their target price on shares of Walmart from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 17th. Roth Mkm raised their price objective on Walmart from $71.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Wells Fargo & Company raised their target price on Walmart from $75.00 to $81.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $78.99.

Walmart Stock Down 0.4 %

Shares of WMT traded down $0.28 on Friday, hitting $76.68. The company's stock had a trading volume of 14,547,506 shares, compared to its average volume of 17,411,770. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $616.37 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 3.87 and a beta of 0.51. The firm's fifty day moving average price is $71.45 and its 200-day moving average price is $65.38. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $77.81.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares of the company's stock, valued at $47,687,998,026.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the business's stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,144,237 shares of company stock worth $730,497,016. Corporate insiders own 45.58% of the company's stock.

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.