Global Trust Asset Management LLC Sells 10,119 Shares of Walmart Inc. (NYSE:WMT)

Global Trust Asset Management LLC lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 29.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,760 shares of the retailer's stock after selling 10,119 shares during the period. Walmart comprises about 1.3% of Global Trust Asset Management LLC's investment portfolio, making the stock its 14th biggest holding. Global Trust Asset Management LLC's holdings in Walmart were worth $2,174,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter worth approximately $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC purchased a new position in Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. bought a new stake in Walmart during the fourth quarter valued at about $41,000. Finally, Nexus Investment Management ULC bought a new stake in Walmart during the first quarter valued at about $49,000. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Walmart stock opened at $94.24 on Wednesday. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average is $96.13 and its 200 day moving average is $94.11. The company has a market cap of $752.04 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69.

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

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders 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 dividend payout ratio (DPR) is presently 40.17%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp raised their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Robert W. Baird upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Finally, DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,294 shares of company stock valued at $12,656,659 in the last ninety days. 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.

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