Firethorn Wealth Partners LLC Has $817,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Firethorn Wealth Partners LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 16.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,115 shares of the retailer’s stock after purchasing an additional 1,452 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Walmart were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WMT. AHL Investment Management Inc. grew its holdings in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in shares of Walmart in the 1st quarter valued at about $270,000. Commerce Bank lifted its position in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares during the period. Finally, Private Advisor Group LLC grew its position in Walmart by 189.4% during the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

WMT opened at $81.22 on Thursday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The firm has a market capitalization of $652.87 billion, a P/E ratio of 42.23, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. The stock’s 50 day moving average price is $77.37 and its two-hundred day moving average price is $69.31. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Walmart’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Wells Fargo & Company lifted their price objective on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Bank of America lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Telsey Advisory Group increased their price objective on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $82.96.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,267,901. Insiders own 45.58% of the company’s stock.

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.