Arcadia Investment Management Corp MI Boosts Holdings in Walmart Inc. (NYSE:WMT)

Arcadia Investment Management Corp MI boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,270 shares of the retailer's stock after purchasing an additional 3,737 shares during the quarter. Arcadia Investment Management Corp MI's holdings in Walmart were worth $3,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jennison Associates LLC raised its position in shares of Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. FMR LLC raised its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock worth $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Walmart stock traded down $2.51 during mid-day trading on Friday, hitting $94.70. The stock had a trading volume of 34,962,340 shares, compared to its average volume of 16,919,441. Walmart Inc. has a one year low of $57.77 and a one year high of $105.30. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $760.77 billion, a P/E ratio of 38.86, a P/E/G ratio of 4.40 and a beta of 0.55. The firm's 50 day moving average is $95.62 and its 200 day moving average is $86.25.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. On average, sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 34.02%.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company's stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,777 shares of company stock valued at $16,570,112. Corporate insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Friday. Finally, Guggenheim raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart has an average rating of "Moderate Buy" and an average price target of $102.43.

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.