Axxcess Wealth Management LLC Grows Holdings in Walmart Inc. (NYSE:WMT)

Axxcess Wealth Management LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 270,447 shares of the retailer’s stock after purchasing an additional 6,536 shares during the period. Axxcess Wealth Management LLC’s holdings in Walmart were worth $21,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP purchased a new position in shares of Walmart during the third quarter valued at $33,000. EntryPoint Capital LLC purchased a new position in shares of Walmart during the first quarter valued at $25,000. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Finally, Cultivar Capital Inc. purchased a new position in shares of Walmart during the second quarter valued at $29,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WMT. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company raised their price objective on Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Telsey Advisory Group raised their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, TD Cowen raised their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and a consensus price target of $83.92.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 1.2 %

Walmart stock opened at $84.83 on Friday. The stock has a 50-day moving average price of $80.53 and a 200 day moving average price of $71.92. 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 company has a market capitalization of $681.88 billion, a price-to-earnings ratio of 44.11, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Walmart Company 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.