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

OneAscent Financial Services LLC purchased a new position in Walmart Inc. (NYSE:WMT) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 16,700 shares of the retailer’s stock, valued at approximately $1,349,000. Walmart makes up about 1.0% of OneAscent Financial Services LLC’s portfolio, making the stock its 21st largest holding.

A number of other institutional investors also recently bought and sold shares of WMT. CAP Partners LLC grew its stake in Walmart by 2.1% in the third 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 last quarter. Investment Advisory Group LLC grew its stake in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the last quarter. Jag Capital Management LLC grew its stake in Walmart by 1.4% in the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after purchasing an additional 132 shares during the last quarter. Professional Financial Advisors LLC grew its stake in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares during the last quarter. Finally, Inspire Advisors LLC boosted its holdings in Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after acquiring an additional 137 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.2 %

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. DA Davidson boosted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 target price on shares of Walmart in a report on Wednesday, November 13th. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday. Finally, Evercore ISI raised their price objective on shares of Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $86.71.

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.