May Hill Capital LLC Makes New $756,000 Investment in Walmart Inc. (NYSE:WMT)

May Hill Capital LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,363 shares of the retailer's stock, valued at approximately $756,000.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Norges Bank acquired a new stake in Walmart during the fourth quarter worth approximately $5,737,355,000. Raymond James Financial Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $2,306,627,000. Jennison Associates LLC increased its stake in shares of Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after acquiring an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after acquiring an additional 3,017,829 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Tuesday, February 25th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Jefferies Financial Group boosted their price objective on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Finally, Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.17.

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Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,652 shares of company stock worth $16,590,028. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 1.0 %

NYSE WMT traded up $0.91 during trading on Tuesday, hitting $88.70. The stock had a trading volume of 22,070,021 shares, compared to its average volume of 16,996,645. The stock has a market capitalization of $711.10 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 4.42 and a beta of 0.53. The stock has a 50 day simple moving average of $94.45 and a 200 day simple moving average of $89.51. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.06%. Walmart's payout ratio is presently 39.00%.

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.