Axxcess Wealth Management LLC Reduces Stake in Walmart Inc. $WMT

Key Points

• Axxcess Wealth Management cut its Walmart stake by 14% in the first quarter, selling 38,745 shares and ending with 238,240 shares valued at about $29.6 million.
• Other institutional investors remain heavily invested in Walmart, with firms like Vanguard, State Street, Geode Capital Management and Norges Bank holding large positions; institutions own 26.76% of the company.
• Walmart reported strong quarterly results, with revenue of $177.75 billion topping estimates and sales rising 7.4% year over year, while analysts continue to view the stock as a Moderate Buy with a consensus price target of $138.85.

Axxcess Wealth Management LLC lessened its stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 238,240 shares of the retailer's stock after selling 38,745 shares during the period. Walmart accounts for approximately 0.9% of Axxcess Wealth Management LLC's portfolio, making the stock its 25th biggest position. Axxcess Wealth Management LLC's holdings in Walmart were worth $29,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Walmart by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer's stock valued at $49,015,626,000 after buying an additional 4,304,436 shares during the period. State Street Corp grew its position in Walmart by 1.2% in the third quarter. State Street Corp now owns 184,805,978 shares of the retailer's stock worth $19,046,104,000 after acquiring an additional 2,242,364 shares during the period. Geode Capital Management LLC raised its position in Walmart by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer's stock valued at $11,426,753,000 after purchasing an additional 6,517,394 shares during the period. Norges Bank purchased a new stake in Walmart in the fourth quarter valued at $6,458,529,000. Finally, Fisher Asset Management LLC lifted its stake in shares of Walmart by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer's stock valued at $4,526,238,000 after purchasing an additional 328,229 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Transactions at Walmart

In related news, EVP Latriece Watkins sold 11,000 shares of the business's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president directly owned 120,203 shares of the company's stock, valued at $14,300,550.91. The trade was a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 3,775 shares of the company's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the sale, the executive vice president owned 630,009 shares in the company, valued at approximately $69,074,186.76. This trade represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 104,505 shares of company stock valued at $12,858,514 in the last 90 days. Insiders own 0.09% of the company's stock.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart said it is offering thousands of lower prices across its stores and Sam’s Club, reinforcing its value leadership and potentially boosting customer traffic. Walmart (WMT) Offers Lower Prices Across Stores and Clubs
• Positive Sentiment: Analysts and commentators continue to favor Walmart as a high-quality defensive retailer, with several pieces calling the pullback a buying opportunity for long-term investors.
• Positive Sentiment: Walmart’s AI shopping push could improve product discovery and personalization, strengthening its e-commerce and omnichannel strategy versus competitors like Amazon. Amazon and Walmart's AI Shopping Race Is Now a Battle for Context, Not Clicks
• Positive Sentiment: Coverage around Walmart’s health event suggests the company may be building a larger healthcare business, which could become an additional long-term growth driver. Walmart’s (WMT) Health Event Is Secretly A Huge Bet On Healthcare
• Neutral Sentiment: Several media appearances, including Jim Cramer commentary, highlighted Walmart as a “buy the dip” name, but these remarks are sentiment-driven rather than a direct fundamental change.
• Negative Sentiment: Walmart also faced legal overhangs, including a Texas driver-pay settlement and a new California class-action filing tied to an AI pricing allegation, which could create headline risk. Walmart (WMT) Pays $13 Million To Settle Driver Pay Case As New AI Suit Lands

Walmart Price Performance

Shares of WMT opened at $112.21 on Friday. Walmart Inc. has a fifty-two week low of $94.23 and a fifty-two week high of $135.15. The firm's 50 day moving average price is $120.76 and its 200 day moving average price is $122.02. The company has a market cap of $892.98 billion, a P/E ratio of 39.37, a PEG ratio of 4.22 and a beta of 0.60. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $177.75 billion during the quarter, compared to analysts' expectations of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, research analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research analyst reports. Erste Group Bank cut Walmart from a "buy" rating to a "hold" rating in a report on Friday, June 5th. Guggenheim upped their target price on shares of Walmart from $120.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, April 13th. TD Cowen reaffirmed a "buy" rating and set a $150.00 target price (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. KeyCorp reiterated an "overweight" rating on shares of Walmart in a research report on Friday, May 22nd. Finally, BNP Paribas Exane reduced their price target on shares of Walmart from $147.00 to $146.00 and set an "outperform" rating on the stock in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.85.

Walmart Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

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