Axecap Investments LLC Has $3.55 Million Position in Walmart Inc. (NYSE:WMT)

Axecap Investments LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 10.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,458 shares of the retailer’s stock after selling 4,484 shares during the quarter. Walmart accounts for 3.0% of Axecap Investments LLC’s portfolio, making the stock its 9th largest holding. Axecap Investments LLC’s holdings in Walmart were worth $3,552,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC bought a new position in Walmart in the first quarter valued at about $49,000. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock valued at $12,833,664 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $95.70 on Thursday. The company has a 50-day simple moving average of $95.31 and a two-hundred day simple moving average of $94.01. The stock has a market capitalization of $765.70 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $65.90 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WMT shares. KeyCorp raised their price target on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday. DA Davidson reiterated a “buy” rating and set a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Evercore ISI lifted their price objective on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

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.