Bonfire Financial Buys New Stake in Walmart Inc. (NYSE:WMT)

Bonfire Financial acquired a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,177 shares of the retailer's stock, valued at approximately $288,000.

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

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Walmart Stock Performance

Walmart stock traded down $1.01 during mid-day trading on Friday, reaching $104.04. 14,096,845 shares of the company were exchanged, compared to its average volume of 15,084,413. The firm has a market cap of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm's 50-day simple moving average is $94.99 and its two-hundred day simple moving average is $85.33. Walmart Inc. has a twelve month low of $55.99 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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%. During the same quarter in the prior year, the company posted $0.51 earnings per share. Walmart's quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Evercore ISI lifted their target price on shares of Walmart from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Guggenheim upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. DZ Bank downgraded Walmart from a "buy" rating to a "hold" rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Finally, StockNews.com cut shares of Walmart from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average target price of $99.17.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 over the last three months. 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.