Walmart Inc. (NYSE:WMT) is Axecap Investments LLC’s 10th Largest Position

Axecap Investments LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,942 shares of the retailer’s stock after purchasing an additional 2,310 shares during the period. Walmart accounts for about 3.1% of Axecap Investments LLC’s portfolio, making the stock its 10th biggest position. Axecap Investments LLC’s holdings in Walmart were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its position in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC grew its stake in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Franklin Resources Inc. lifted its stake in shares of Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after acquiring an additional 350,881 shares during the period. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMT. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial boosted their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, BMO Capital Markets increased their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.08.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $102.45 on Wednesday. The firm has a market capitalization of $822.98 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock’s 50-day simple moving average is $94.27 and its 200-day simple moving average is $84.59. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (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 business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.