Apollon Financial LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Apollon Financial LLC grew its stake in Walmart Inc. (NYSE:WMT) by 207.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,276 shares of the retailer’s stock after purchasing an additional 14,346 shares during the period. Apollon Financial LLC’s holdings in Walmart were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter worth $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth about $32,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WMT shares. BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Robert W. Baird upped their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Guggenheim increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, KeyCorp boosted their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on 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 $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last 90 days. 45.58% of the stock is owned by insiders.

Walmart Trading Down 1.6 %

Shares of NYSE:WMT opened at $101.17 on Monday. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. The company’s 50 day moving average is $94.07 and its two-hundred day moving average is $84.26. The company has a market cap of $812.73 billion, a PE ratio of 41.52, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. Equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Company 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.