Walmart Inc. $WMT Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC reduced its holdings in Walmart by 9.7%, selling 28,008 shares, and now owns 260,959 shares valued at approximately $25.5 million.
• Several investors have significantly boosted their positions in Walmart, including Operose Advisors at 319.7%, showcasing strong interest among institutional investors.
• Despite a miss on earnings with $0.68 per share against the $0.74 estimate, Walmart's revenue grew 4.8% year-over-year, highlighting resilience in its performance.

Axxcess Wealth Management LLC lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,959 shares of the retailer's stock after selling 28,008 shares during the quarter. Axxcess Wealth Management LLC's holdings in Walmart were worth $25,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Operose Advisors LLC boosted its holdings in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after acquiring an additional 243 shares in the last quarter. PFS Partners LLC boosted its holdings in shares of Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer's stock valued at $31,000 after acquiring an additional 233 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in shares of Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after acquiring an additional 115 shares in the last quarter. Bear Mountain Capital Inc. boosted its holdings in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Trading Up 4.9%

Shares of NYSE:WMT opened at $107.15 on Wednesday. The stock has a market capitalization of $854.27 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 4.81 and a beta of 0.67. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $107.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The company has a 50 day moving average price of $101.43 and a 200 day moving average price of $97.53.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WMT shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $118.00 price objective on shares of Walmart in a report on Wednesday, September 24th. The Goldman Sachs Group increased their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a report on Friday, August 22nd. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, Oppenheimer increased their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.63.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the sale, the chief executive officer owned 4,373,576 shares in the company, valued at approximately $451,396,778.96. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the completion of the sale, the executive vice president owned 906,064 shares of the company's stock, valued at approximately $93,995,079.36. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,488 shares of company stock worth $14,917,151 in the last quarter. Corporate insiders own 0.10% of the company's stock.

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.

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