OneAscent Financial Services LLC Acquires 33,893 Shares of Walmart Inc. (NYSE:WMT)

OneAscent Financial Services LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 117.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,692 shares of the retailer's stock after acquiring an additional 33,893 shares during the period. OneAscent Financial Services LLC's holdings in Walmart were worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new position in shares of Walmart during the 4th quarter valued at approximately $5,737,355,000. Northern Trust Corp grew its stake in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Finally, Franklin Resources Inc. grew its stake in Walmart by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock valued at $3,796,129,000 after acquiring an additional 514,036 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,695 shares of company stock valued at $13,710,162. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of WMT opened at $95.01 on Friday. The firm has a market cap of $758.22 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 4.57 and a beta of 0.68. The stock has a 50 day moving average of $96.81 and a 200-day moving average of $94.65. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on WMT. Truist Financial boosted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. DA Davidson reaffirmed a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

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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