Bonfire Financial Purchases New Position in Walmart Inc. (NYSE:WMT)

Bonfire Financial bought a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,177 shares of the retailer’s stock, valued at approximately $288,000.

Several other large investors also recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. lifted its holdings in Walmart by 7.3% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 12,538 shares of the retailer’s stock worth $1,012,000 after purchasing an additional 854 shares during the last quarter. Creative Planning grew its stake in Walmart by 4.9% in the 3rd quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after buying an additional 83,376 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Walmart by 0.7% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,765 shares of the retailer’s stock worth $3,695,000 after acquiring an additional 298 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in Walmart by 5.2% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 17,448 shares of the retailer’s stock valued at $1,409,000 after acquiring an additional 866 shares during the period. Finally, Occidental Asset Management LLC grew its position in shares of Walmart by 5.0% in the third quarter. Occidental Asset Management LLC now owns 69,085 shares of the retailer’s stock valued at $5,579,000 after purchasing an additional 3,278 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.5 %

WMT stock opened at $102.45 on Wednesday. The business has a fifty day moving average price of $94.27 and a 200 day moving average price of $84.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. The stock has a market capitalization of $822.98 billion, a price-to-earnings ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55.

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

Analyst Ratings Changes

A number of research firms have issued reports on WMT. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Walmart in a report on Wednesday, January 15th. Telsey Advisory Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup raised their price target on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.08.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction 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 completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,177 shares of company stock valued at $16,403,728. 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.