Apollon Financial LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Apollon Financial LLC raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,889 shares of the retailer's stock after acquiring an additional 9,613 shares during the period. Apollon Financial LLC's holdings in Walmart were worth $2,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart during the 1st quarter worth approximately $35,000. Mizuho Bank Ltd. acquired a new position in Walmart during the 4th quarter worth approximately $41,000. Nexus Investment Management ULC acquired a new position in Walmart during the 1st quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in Walmart during the 4th quarter worth approximately $53,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president directly owned 630,518 shares of the company's stock, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 142,711 shares of company stock valued at $13,710,319. Corporate insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. DA Davidson reiterated a "buy" rating and set a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Finally, Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Walmart Trading Down 0.5%

Shares of Walmart stock opened at $94.36 on Monday. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The firm has a market cap of $753.03 billion, a PE ratio of 40.32, a P/E/G ratio of 4.54 and a beta of 0.68. The business's fifty day moving average is $97.10 and its two-hundred day moving average is $94.52. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.