OneAscent Wealth Management LLC Has $443,000 Stake in Walmart Inc. (NYSE:WMT)

OneAscent Wealth Management LLC raised its position in Walmart Inc. (NYSE:WMT) by 196.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,359 shares of the retailer’s stock after purchasing an additional 4,873 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Walmart were worth $443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AHL Investment Management Inc. raised its stake in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Valley Brook Capital Group Inc. increased its position in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the last quarter. Core Wealth Advisors Inc. increased its position in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares during the last quarter. Motco increased its position in shares of Walmart by 1.3% in the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its position in shares of Walmart by 204.3% in the first quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after acquiring an additional 4,374 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird lifted their target price on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. The Goldman Sachs Group lifted their target price on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. TD Cowen lifted their target price on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Jefferies Financial Group lifted their price target on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, KeyCorp lifted their price target on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.97.

Walmart Stock Down 0.3 %

NYSE WMT opened at $67.71 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a 50 day moving average of $64.07 and a 200-day moving average of $59.35. The company has a market cap of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold a total of 14,502,762 shares of company stock worth $951,475,618 over the last three months. Corporate 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.