Acropolis Investment Management LLC Has $8.21 Million Position in Walmart Inc. (NYSE:WMT)

Acropolis Investment Management LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,505 shares of the retailer’s stock after purchasing an additional 2,415 shares during the quarter. Walmart makes up approximately 0.5% of Acropolis Investment Management LLC’s portfolio, making the stock its 26th largest position. Acropolis Investment Management LLC’s holdings in Walmart were worth $8,209,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. World Investment Advisors raised its position in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Candriam S.C.A. raised its position in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Modera Wealth Management LLC raised its position in Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $1,124,000. Finally, GWN Securities Inc. bought a new position in shares of Walmart in the fourth quarter valued at approximately $4,658,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,534 shares of company stock worth $12,833,664. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.7%

WMT opened at $94.20 on Monday. Walmart Inc. has a fifty-two week low of $66.41 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm’s fifty day moving average price is $95.79 and its two-hundred day moving average price is $94.09. The company has a market capitalization of $751.76 billion, a P/E ratio of 39.09, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

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.