GTS Securities LLC Sells 123,055 Shares of Walmart Inc. (NYSE:WMT)

GTS Securities LLC lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 74.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,421 shares of the retailer's stock after selling 123,055 shares during the period. GTS Securities LLC's holdings in Walmart were worth $3,833,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new stake in shares of Walmart during the 4th quarter valued at $252,000. LaFleur & Godfrey LLC raised its stake in shares of Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after purchasing an additional 992 shares during the period. First United Bank & Trust raised its stake in shares of Walmart by 4.8% during the 4th quarter. First United Bank & Trust now owns 8,967 shares of the retailer's stock valued at $810,000 after purchasing an additional 412 shares during the period. Perpetual Ltd raised its stake in shares of Walmart by 106.2% during the 4th quarter. Perpetual Ltd now owns 26,297 shares of the retailer's stock valued at $2,376,000 after purchasing an additional 13,541 shares during the period. Finally, Alpha Cubed Investments LLC raised its stake in shares of Walmart by 2.1% during the 4th quarter. Alpha Cubed Investments LLC now owns 30,061 shares of the retailer's stock valued at $2,716,000 after purchasing an additional 610 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,583 shares of company stock valued at $16,701,404. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 0.6%

NYSE WMT traded up $0.56 on Friday, hitting $96.49. The company's stock had a trading volume of 13,664,025 shares, compared to its average volume of 17,861,385. Walmart Inc. has a 52-week low of $64.16 and a 52-week high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company's 50-day simple moving average is $92.33 and its 200 day simple moving average is $92.97. The firm has a market cap of $772.00 billion, a P/E ratio of 40.04, a PEG ratio of 4.42 and a beta of 0.70.

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

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Analyst Ratings Changes

A number of research firms recently issued reports on WMT. Barclays reiterated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Truist Financial upped their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a research note on Wednesday. Royal Bank of Canada restated an "outperform" rating and issued a $102.00 target price on shares of Walmart in a research note on Friday, May 16th. Finally, UBS Group cut their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $104.94.

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.