Walmart Inc. (NYSE:WMT) Shares Sold by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 43.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,991 shares of the retailer’s stock after selling 5,377 shares during the period. OneAscent Wealth Management LLC’s holdings in Walmart were worth $632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Vanguard Group Inc. grew its stake in Walmart by 0.5% in the fourth 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 grew its position in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. Norges Bank bought a new stake in shares of Walmart in the 4th quarter valued at approximately $5,737,355,000. Fisher Asset Management LLC raised its position in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on WMT. Truist Financial boosted their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Stifel Nicolaus decreased their target price on Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Barclays reiterated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Two 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.17.

Walmart Stock Down 0.6 %

NYSE WMT opened at $85.08 on Friday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a market capitalization of $682.04 billion, a P/E ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The company’s 50 day simple moving average is $94.62 and its 200 day simple moving average is $89.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart’s dividend payout ratio is currently 39.00%.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,528 shares of company stock worth $14,096,140. Company 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.