Walmart Inc. (NYSE:WMT) Position Lessened by Acropolis Investment Management LLC

Acropolis Investment Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,962 shares of the retailer’s stock after selling 820 shares during the period. Walmart comprises approximately 0.4% of Acropolis Investment Management LLC’s portfolio, making the stock its 28th biggest holding. Acropolis Investment Management LLC’s holdings in Walmart were worth $7,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. American Trust increased its position in Walmart by 192.7% during the first quarter. American Trust now owns 10,581 shares of the retailer’s stock worth $637,000 after buying an additional 6,966 shares during the last quarter. Cape Investment Advisory Inc. grew its position in shares of Walmart by 88.1% in the first quarter. Cape Investment Advisory Inc. now owns 1,204 shares of the retailer’s stock valued at $72,000 after purchasing an additional 564 shares during the last quarter. Transcend Capital Advisors LLC grew its position in shares of Walmart by 20.6% in the second quarter. Transcend Capital Advisors LLC now owns 46,340 shares of the retailer’s stock valued at $3,138,000 after purchasing an additional 7,904 shares during the last quarter. Trust Co of the South grew its position in shares of Walmart by 0.6% in the second quarter. Trust Co of the South now owns 25,509 shares of the retailer’s stock valued at $1,727,000 after purchasing an additional 156 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. grew its position in shares of Walmart by 9.6% in the second quarter. Armstrong Henry H Associates Inc. now owns 6,414 shares of the retailer’s stock valued at $434,000 after purchasing an additional 562 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of Walmart stock opened at $92.50 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $743.54 billion, a P/E ratio of 37.96, a P/E/G ratio of 4.36 and a beta of 0.51. The firm has a 50 day simple moving average of $83.35 and a 200 day simple moving average of $74.82. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $92.64.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction 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 $47,245,498,149.60. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,385,186 shares of company stock valued at $963,206,365 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. 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. Royal Bank of Canada raised their price target on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Guggenheim raised their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.88.

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.