Hall Capital Management Co. Inc. Buys Shares of 63,920 Walmart Inc. (NYSE:WMT)

Hall Capital Management Co. Inc. acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 63,920 shares of the retailer's stock, valued at approximately $5,775,000. Walmart comprises 2.7% of Hall Capital Management Co. Inc.'s investment portfolio, making the stock its 8th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Liberty Square Wealth Partners LLC purchased a new position in shares of Walmart in the fourth quarter worth about $925,000. Great Valley Advisor Group Inc. raised its stake in shares of Walmart by 1.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 221,031 shares of the retailer's stock worth $19,970,000 after purchasing an additional 3,802 shares during the last quarter. Cypress Asset Management Inc. TX purchased a new position in shares of Walmart in the fourth quarter worth about $471,000. Ameriflex Group Inc. purchased a new position in shares of Walmart in the fourth quarter worth about $594,000. Finally, United Advisor Group LLC grew its holdings in Walmart by 6.4% during the fourth quarter. United Advisor Group LLC now owns 33,172 shares of the retailer's stock worth $2,997,000 after acquiring an additional 1,988 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the sale, the executive vice president now owns 632,718 shares in the company, valued at $61,607,751.66. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,583 shares of company stock worth $16,701,404. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of NYSE:WMT traded down $0.35 during trading on Wednesday, reaching $97.23. The stock had a trading volume of 11,099,384 shares, compared to its average volume of 17,831,754. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The business has a fifty day moving average price of $92.77 and a 200-day moving average price of $93.15. The stock has a market cap of $777.93 billion, a PE ratio of 40.34, a PEG ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed 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 yield of 0.95%. Walmart's payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus dropped their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Robert W. Baird raised their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $104.94.

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.