Anchor Capital Advisors Sells Almost Half Its Walmart Stake

Anchors Capital Advisors LLC sold 93,619 shares of Walmart Inc. stock during the second quarter, decreasing its position by 79.8% and leaving it with 23,764 shares worth $2.69 million.

This move was part of a broader trend in which Anchor Capital Advisors decreased its stake in WMT from the first quarter to the second. Other large investors also made adjustments to their positions during this period: Brighton Jones LLC increased its position by 28.8%, Revolve Wealth Partners grew its position by 5.8%, and Peterson Wealth Management boosted its holdings by 3.5%.

Walmart's most recent quarterly earnings report showed revenue of $187.94 billion, up 5.9% from the same period last year, with an EPS of $0.81 beating analyst estimates.