Axxcess Wealth Management LLC Purchases 3,799 Shares of Walmart Inc. (NYSE:WMT)

Axxcess Wealth Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 274,246 shares of the retailer’s stock after buying an additional 3,799 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Walmart were worth $24,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Brophy Wealth Management LLC bought a new stake in shares of Walmart during the 3rd quarter worth $2,072,000. Candriam S.C.A. boosted its holdings in Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after purchasing an additional 599,257 shares during the period. Bank of New Hampshire boosted its holdings in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Modera Wealth Management LLC boosted its holdings in Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after purchasing an additional 9,292 shares during the period. Finally, Iowa State Bank boosted its holdings in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 2.6 %

WMT opened at $87.54 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $703.21 billion, a PE ratio of 36.32, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The firm has a 50-day moving average price of $95.67 and a two-hundred day moving average price of $88.88.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is presently 39.00%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Tigress Financial increased their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Roth Mkm reissued a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $103.20.

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.