Apollon Wealth Management LLC Has $28.27 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Apollon Wealth Management LLC increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 31.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 322,048 shares of the retailer's stock after acquiring an additional 77,135 shares during the quarter. Apollon Wealth Management LLC's holdings in Walmart were worth $28,273,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% in 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 period. EQ Wealth Advisors LLC bought a new stake in shares of Walmart during the 1st quarter worth about $35,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart during the 4th quarter worth about $41,000. Nexus Investment Management ULC acquired a new stake in shares of Walmart in the 1st quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

WMT traded up $1.43 during trading on Monday, reaching $95.83. 13,768,629 shares of the company's stock were exchanged, compared to its average volume of 19,832,529. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a market capitalization of $764.75 billion, a P/E ratio of 40.95, a PEG ratio of 4.54 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $97.10 and a 200 day moving average price of $94.52.

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

Walmart Announces Dividend

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

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Stifel Nicolaus reduced their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Truist Financial upped their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $106.67.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the completion of the sale, the executive vice president directly owned 650,977 shares in the company, valued at approximately $61,693,090.29. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.24, for a total value of $380,960.00. Following the completion of the transaction, the executive vice president directly owned 1,060,455 shares of the company's stock, valued at $100,997,734.20. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last quarter. Corporate insiders own 45.58% of the company's stock.

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.