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

OneAscent Wealth Management LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 43.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

A number of other large investors have also modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at $25,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter valued at about $32,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Down 0.6 %

WMT opened at $85.08 on Friday. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The firm has a 50 day moving average price of $94.62 and a 200 day moving average price of $89.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market cap of $682.04 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

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

Walmart Dividend Announcement

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

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction 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 owns 460,705 shares in the company, 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 ninety days, insiders have sold 147,528 shares of company stock worth $14,096,140. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMT. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Evercore ISI dropped their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

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.