Apollon Wealth Management LLC Purchases 22,186 Shares of Walmart Inc. (NYSE:WMT)

Apollon Wealth Management LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 51.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,402 shares of the retailer’s stock after purchasing an additional 22,186 shares during the quarter. Apollon Wealth Management LLC’s holdings in Walmart were worth $10,311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Authentikos Wealth Advisory LLC bought a new stake in shares of Walmart in the 3rd quarter worth $25,000. Signature Resources Capital Management LLC bought a new stake in Walmart in the 4th quarter worth about $35,000. Kepos Capital LP purchased a new position in Walmart in the 3rd quarter worth about $40,000. Milestone Investment Advisors LLC bought a new position in Walmart during the third quarter valued at approximately $41,000. Finally, Fortitude Family Office LLC purchased a new position in shares of Walmart in the 4th quarter worth $45,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 5,970,066 shares of Walmart stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the completion of the sale, the insider now directly owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 5,970,066 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the sale, the insider now directly owns 671,082,588 shares of the company’s stock, valued at $39,106,219,344.72. The disclosure for this sale can be found here. Insiders sold a total of 29,019,140 shares of company stock worth $1,696,045,631 over the last three months. 46.51% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer lowered their price objective on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Morgan Stanley lowered their price objective on shares of Walmart to $66.67 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Finally, Stifel Europe increased their price objective on shares of Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.94.

Walmart Price Performance

Shares of WMT stock traded up $0.73 on Tuesday, reaching $60.60. The company’s stock had a trading volume of 14,517,142 shares, compared to its average volume of 18,471,379. The stock’s fifty day simple moving average is $60.06 and its 200-day simple moving average is $56.06. Walmart Inc. has a 1 year low of $48.34 and a 1 year high of $61.65. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $488.32 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. Walmart’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Analysts forecast that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.37%. Walmart’s dividend payout ratio is presently 43.38%.

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.