Apollon Wealth Management LLC Acquires 59,975 Shares of Walmart Inc. (NYSE:WMT)

Apollon Wealth Management LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 32.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 244,913 shares of the retailer’s stock after purchasing an additional 59,975 shares during the quarter. Apollon Wealth Management LLC’s holdings in Walmart were worth $22,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Apollon Financial LLC raised its position in Walmart by 207.0% in the 4th quarter. Apollon Financial LLC now owns 21,276 shares of the retailer’s stock worth $1,922,000 after purchasing an additional 14,346 shares during the last quarter. Almanack Investment Partners LLC. boosted its position in Walmart by 5.9% in the 4th quarter. Almanack Investment Partners LLC. now owns 4,682 shares of the retailer’s stock valued at $423,000 after buying an additional 262 shares during the last quarter. MWA Asset Management increased its stake in shares of Walmart by 2.4% in the 4th quarter. MWA Asset Management now owns 18,396 shares of the retailer’s stock valued at $1,662,000 after buying an additional 435 shares during the period. SC&H Financial Advisors Inc. raised its position in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the last quarter. Finally, Clientfirst Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter valued at $206,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the transaction, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 1.6 %

Shares of WMT stock opened at $101.17 on Monday. The firm’s fifty day moving average price is $94.07 and its two-hundred day moving average price is $84.26. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $812.73 billion, a P/E ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business 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%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. KeyCorp boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Finally, Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.01.

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.