8,363 Shares in Walmart Inc. (NYSE:WMT) Bought by May Hill Capital LLC

May Hill Capital LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,363 shares of the retailer's stock, valued at approximately $756,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Citigroup reiterated a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Stifel Nicolaus dropped their price target on Walmart from $99.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. Evercore ISI cut their price target on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock valued at $16,785,080 in the last ninety days. Insiders own 45.58% of the company's stock.

Walmart Price Performance

WMT traded down $2.17 during trading on Friday, reaching $85.09. 15,096,060 shares of the stock were exchanged, compared to its average volume of 20,531,219. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $682.15 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The business's 50 day moving average price is $94.25 and its two-hundred day moving average price is $89.50.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities research 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 quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart's dividend payout ratio (DPR) is 39.00%.

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.