Walmart Inc. (NYSE:WMT) Stock Position Raised by Apollon Financial LLC

Apollon Financial LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 32.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,930 shares of the retailer’s stock after purchasing an additional 1,694 shares during the quarter. Apollon Financial LLC’s holdings in Walmart were worth $560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. WFA Asset Management Corp boosted its position in Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares during the last quarter. Dupont Capital Management Corp increased its holdings in Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after buying an additional 168,346 shares during the last quarter. Empowered Funds LLC raised its position in Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock valued at $9,645,000 after acquiring an additional 120,919 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Walmart by 149.8% in the first quarter. Wealthspire Advisors LLC now owns 73,785 shares of the retailer’s stock valued at $4,440,000 after acquiring an additional 44,244 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Walmart during the 1st quarter valued at $1,497,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent research reports. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Telsey Advisory Group raised their target price on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.92.

Walmart Stock Performance

Shares of Walmart stock opened at $84.21 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market cap of $676.90 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $85.54. The stock’s 50-day moving average is $80.67 and its 200-day moving average is $72.27.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. Insiders own 45.58% of the company’s stock.

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.