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

Axxcess Wealth Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 270,447 shares of the retailer’s stock after purchasing an additional 6,536 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Walmart were worth $21,839,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares in the last quarter. Professional Financial Advisors LLC boosted its stake in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares during the last quarter. Inspire Advisors LLC boosted its stake in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after buying an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after buying an additional 137 shares during the last quarter. Finally, Trust Co of the South boosted its stake in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Sanford C. Bernstein initiated coverage on Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price objective on the stock. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Finally, UBS Group upped their price target on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $83.92.

Walmart Price Performance

Shares of NYSE WMT opened at $84.83 on Friday. The stock’s 50-day moving average is $80.53 and its two-hundred day moving average is $71.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. The company has a market cap 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 (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 EPS. Walmart’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

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.