Stocks
Walmart Stake Reduced as Retailer Reports Strong Financials
GTS Securities LLC reduced its stake in Walmart Inc. (NASDAQ:WMT) by selling 19,313 shares during the second quarter.
The institutional investor now owns 15,232 shares of the retailer's stock worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
This move comes as Walmart continues to report strong financials. The company recently announced a 5.9% increase in revenue for the quarter, beating analysts' expectations.