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

Firethorn Wealth Partners LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 207.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,369 shares of the retailer’s stock after acquiring 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.

Several other large investors have also bought and sold shares of WMT. Partnership Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart during the 4th quarter worth $32,000. Signature Resources Capital Management LLC bought a new stake in shares of Walmart during the 4th quarter worth $35,000. Finally, Tidemark LLC bought a new stake in shares of Walmart during the 4th quarter worth $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE:WMT opened at $67.74 on Friday. The business has a 50 day moving average of $64.07 and a 200 day moving average of $59.29. The company has a market capitalization of $544.87 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 3.92 and a beta of 0.52. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on WMT. Truist Financial lifted their price objective on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Stifel Nicolaus lifted their price objective on Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. TD Cowen lifted their price objective on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Oppenheimer lifted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Finally, Royal Bank of Canada lifted their price objective on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the transaction, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,502,762 shares of company stock worth $951,475,618. 45.58% of the stock is currently owned by insiders.

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.