OneAscent Investment Solutions LLC Buys Shares of 6,713 Walmart Inc. (NYSE:WMT)

OneAscent Investment Solutions LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,713 shares of the retailer's stock, valued at approximately $589,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Operose Advisors LLC lifted its stake in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the last quarter. Bear Mountain Capital Inc. lifted its stake in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart during the first quarter worth approximately $35,000. Finally, Lipe & Dalton lifted its stake in Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the sale, the chief executive officer owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the sale, the executive vice president owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,334 shares of company stock valued at $13,913,350. Company insiders own 0.10% of the company's stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $101.05 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $67.85 and a 12 month high of $105.30. The firm has a market capitalization of $806.42 billion, a PE ratio of 43.18, a P/E/G ratio of 4.99 and a beta of 0.66. The business has a 50-day moving average of $97.49 and a two-hundred day moving average of $95.55.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results 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 last year, the firm earned $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart's dividend payout ratio (DPR) is 40.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WMT shares. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Finally, Oppenheimer boosted their price objective on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has a consensus rating of "Buy" and a consensus target price of $106.87.

About Walmart

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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