GFG Capital LLC Reduces Stock Position in Walmart Inc. (NYSE:WMT)

GFG Capital LLC cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,883 shares of the retailer's stock after selling 8,492 shares during the period. GFG Capital LLC's holdings in Walmart were worth $2,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Walmart during the 4th quarter valued at $5,737,355,000. GAMMA Investing LLC raised its position in shares of Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after buying an additional 7,860,306 shares in the last quarter. Northern Trust Corp raised its position in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. APG Asset Management N.V. raised its position in Walmart by 1,707.6% in the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after purchasing an additional 3,512,368 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Walmart by 48.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after purchasing an additional 3,182,477 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WMT. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Tigress Financial lifted their target price on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Finally, Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Trading Down 0.5%

Shares of WMT stock traded down $0.50 on Friday, hitting $94.36. 14,577,628 shares of the stock traded hands, compared to its average volume of 18,101,514. The firm's 50-day moving average price is $97.19 and its two-hundred day moving average price is $94.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $753.03 billion, a PE ratio of 40.32, a PEG ratio of 4.66 and a beta of 0.68. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president owned 630,518 shares of the company's stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,711 shares of company stock valued at $13,710,319. Company insiders own 45.58% of the company's stock.

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.