Walmart Inc. (NYSE:WMT) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 19.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,911 shares of the retailer’s stock after purchasing an additional 43,642 shares during the period. Axxcess Wealth Management LLC’s holdings in Walmart were worth $17,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Bank of New York Mellon Corp increased its position in shares of Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares during the period. Raymond James & Associates raised its stake in Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after acquiring an additional 2,246,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Walmart by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after acquiring an additional 834,005 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $80.60 on Tuesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. 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 business has a fifty day moving average of $72.73 and a two-hundred day moving average of $66.34. The stock has a market cap of $647.88 billion, a P/E ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. On average, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America increased their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Roth Mkm raised their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Stifel Nicolaus lifted their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Morgan Stanley increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given 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 a consensus price target of $78.99.

Insiders Place Their Bets

In related news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Jim C. Walton sold 934,000 shares of Walmart stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the transaction, the insider now owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the 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 directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock worth $788,678,803 in the last ninety days. 45.58% of the stock is owned by corporate insiders.

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.