16,700 Shares in Walmart Inc. (NYSE:WMT) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,700 shares of the retailer’s stock, valued at approximately $1,349,000. Walmart makes up approximately 1.0% of OneAscent Financial Services LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors have also added to or reduced their stakes in WMT. CAP Partners LLC increased its position in Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares during the period. Investment Advisory Group LLC grew its position in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares during the period. Jag Capital Management LLC grew its position in shares of Walmart by 1.4% in the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after buying an additional 132 shares during the period. Professional Financial Advisors LLC grew its position in shares of Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares during the period. Finally, Inspire Advisors LLC grew its position in shares of Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after buying an additional 137 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.2 %

Walmart stock opened at $84.09 on Tuesday. The firm has a 50 day moving average of $81.43 and a 200 day moving average of $73.15. The firm has a market capitalization of $675.94 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.79. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WMT shares. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Piper Sandler upped their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. DA Davidson upped their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Sanford C. Bernstein began coverage on shares of Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Buy” and an average target price of $86.71.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by corporate insiders.

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.