Apollon Wealth Management LLC Purchases 14,885 Shares of Walmart Inc. $WMT

Key Points

• Apollon Wealth Management LLC increased its holdings in Walmart by 4.6%, acquiring an additional 14,885 shares in the second quarter, bringing its total to 336,933 shares valued at approximately $32.95 million.
• Multiple analysts have upgraded Walmart, with 30 analysts rating the stock as a "Buy" and a consensus price target of $112.38.
• Walmart's recent quarterly earnings reported $0.68 EPS, falling short of the expected $0.74 EPS, with revenues of $169.34 billion, which is below analyst estimates.

Apollon Wealth Management LLC grew its position in Walmart Inc. (NYSE:WMT - Free Report) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,933 shares of the retailer's stock after acquiring an additional 14,885 shares during the period. Apollon Wealth Management LLC's holdings in Walmart were worth $32,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Weatherly Asset Management L. P. grew its position in shares of Walmart by 7.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer's stock valued at $5,489,000 after acquiring an additional 3,696 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Walmart by 34.6% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock valued at $3,355,000 after acquiring an additional 9,831 shares during the period. Ally Financial Inc. bought a new position in shares of Walmart in the 1st quarter valued at about $2,107,000. Night Squared LP bought a new position in shares of Walmart in the 1st quarter valued at about $1,052,000. Finally, Monument Capital Management boosted its holdings in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after buying an additional 26,685 shares during the period. Institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WMT shares. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Piper Sandler reaffirmed an "overweight" rating and set a $111.00 target price on shares of Walmart in a report on Wednesday, September 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $118.00 target price on shares of Walmart in a report on Wednesday, September 24th. The Goldman Sachs Group lifted their target price on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Finally, Tigress Financial lifted their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Thirty research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $112.38.

Walmart Price Performance

Shares of Walmart stock opened at $101.86 on Friday. Walmart Inc. has a twelve month low of $79.37 and a twelve month high of $106.11. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $101.22 and a two-hundred day simple moving average of $97.26. The stock has a market capitalization of $812.10 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 4.80 and a beta of 0.67.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter last year, the firm earned $0.67 EPS. Walmart's revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the completion of the transaction, the executive vice president directly owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. The trade was a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares of the company's stock, valued at $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,232 shares of company stock valued at $15,083,877 over the last quarter. 0.10% of the stock is owned by corporate insiders.

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.

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