Firethorn Wealth Partners LLC Buys 5,643 Shares of Walmart Inc. (NYSE:WMT)

Firethorn Wealth Partners LLC raised its stake in Walmart Inc. (NYSE:WMT) by 207.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,369 shares of the retailer’s stock after purchasing an additional 5,643 shares during the period. Firethorn Wealth Partners LLC’s holdings in Walmart were worth $504,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AHL Investment Management Inc. boosted its holdings in 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. lifted its holdings in shares of Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares during the period. Core Wealth Advisors Inc. lifted its holdings in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Motco lifted its holdings in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares during the period. Finally, Sovereign Financial Group Inc. lifted its holdings in shares of Walmart by 204.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock worth $392,000 after acquiring an additional 4,374 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 0.2 %

Shares of NYSE WMT opened at $67.74 on Friday. The stock has a market cap of $544.87 billion, a P/E ratio of 28.99, a P/E/G ratio of 3.92 and a beta of 0.52. The firm has a 50 day moving average price of $64.07 and a 200 day moving average price of $59.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04.

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

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Citigroup lifted their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. UBS Group lifted their price target on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Stifel Nicolaus lifted their price target on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a report on Friday, May 17th. Finally, Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the transaction, the executive vice president now owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the transaction, the executive vice president now owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,502,762 shares of company stock valued at $951,475,618. 45.58% of the stock is currently 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.