Axa S.A. Has $58.01 Million Stake in Walmart Inc. (NYSE:WMT)

Axa S.A. raised its position in Walmart Inc. (NYSE:WMT) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 856,755 shares of the retailer’s stock after acquiring an additional 37,585 shares during the quarter. Axa S.A.’s holdings in Walmart were worth $58,011,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Landmark Financial Advisors LLC increased its position in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after buying an additional 70 shares during the last quarter. Syverson Strege & Co boosted its position in Walmart by 2.6% during the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after purchasing an additional 85 shares during the period. Amussen Hunsaker Associates LLC increased its holdings in shares of Walmart by 0.5% in the fourth quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock valued at $2,519,000 after purchasing an additional 86 shares during the last quarter. Per Stirling Capital Management LLC. lifted its stake in shares of Walmart by 2.6% during the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after buying an additional 100 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in shares of Walmart by 1.6% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock worth $975,000 after buying an additional 100 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Bank of America upped their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $80.19.

Walmart Trading Up 0.9 %

Shares of WMT stock opened at $81.43 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $654.55 billion, a P/E ratio of 34.85, a P/E/G ratio of 4.04 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60. The stock’s fifty day simple moving average is $73.86 and its 200 day simple moving average is $67.16.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the completion of the sale, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,317,999 shares of company stock valued at $956,341,379. Insiders own 45.58% 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.