Advisors Capital Management LLC Acquires New Stake in Walmart Inc.

Advisors Capital Management LLC has acquired a new position in shares of Walmart Inc. (NASDAQ:WMT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

The institutional investor purchased 227,362 shares of the retailer's stock, valued at approximately $25,751,000.

This is not an isolated incident; other large investors have also recently added to or reduced their stakes in Walmart. MFA Wealth Services boosted its stake in shares of Walmart by 0.7% in the first quarter and now owns 10,909 shares of the retailer's stock valued at $1,356,000.

Walmart reported earnings that exceeded expectations, with adjusted earnings of $0.81 per share versus roughly $0.74 expected and revenue of $187.94 billion, up 5.9% year over year. However, several analysts reduced Walmart’s price targets or issued more cautious forecasts after the earnings report.