Firethorn Wealth Partners LLC Buys 301 Shares of Walmart Inc. (NYSE:WMT)

Firethorn Wealth Partners LLC increased its stake in Walmart Inc. (NYSE:WMT) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,416 shares of the retailer’s stock after purchasing an additional 301 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Walmart were worth $941,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter worth $26,000. Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Hoese & Co LLP bought a new stake in Walmart during the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart during the third quarter valued at approximately $36,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WMT shares. Morgan Stanley boosted their price objective on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Guggenheim upped their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Up 1.1 %

Shares of NYSE WMT opened at $94.84 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $53.47 and a 12-month high of $96.18. The firm’s 50-day moving average price is $92.02 and its 200-day moving average price is $82.21. The stock has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,177 shares of company stock worth $12,895,688. 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.