Walmart Inc. (NYSE:WMT) Position Raised by Axecap Investments LLC

Axecap Investments LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 5.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,942 shares of the retailer’s stock after acquiring an additional 2,310 shares during the period. Walmart comprises 3.1% of Axecap Investments LLC’s investment portfolio, making the stock its 10th biggest holding. Axecap Investments LLC’s holdings in Walmart were worth $4,061,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $6,351,000. Bonfire Financial acquired a new stake in Walmart in the fourth quarter valued at approximately $288,000. Focus Financial Network Inc. increased its position in shares of Walmart by 12.9% in the fourth quarter. Focus Financial Network Inc. now owns 39,756 shares of the retailer’s stock valued at $3,599,000 after buying an additional 4,540 shares in the last quarter. POM Investment Strategies LLC raised its stake in shares of Walmart by 10.7% during the 4th quarter. POM Investment Strategies LLC now owns 1,466 shares of the retailer’s stock worth $132,000 after buying an additional 142 shares during the period. Finally, Sapient Capital LLC lifted its position in shares of Walmart by 2.2% during the 4th quarter. Sapient Capital LLC now owns 410,077 shares of the retailer’s stock valued at $37,135,000 after buying an additional 8,683 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Sanford C. Bernstein boosted their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Telsey Advisory Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Truist Financial raised their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.08.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $102.45 on Wednesday. The firm has a market cap of $822.98 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. The business’s fifty day simple moving average is $94.27 and its 200-day simple moving average is $84.59.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.48 earnings per share 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.