Covington Investment Advisors Buys into Walmart

Covington Investment Advisors Inc., an institutional investor, bought a new position in Walmart Inc. (NASDAQ:WMT) during the second quarter.

The company acquired 65,375 shares of the retailer's stock, valued at approximately $7,404,000, according to its most recent 13F filing with the Securities and Exchange Commission.

This is not an isolated instance; several other large investors have recently made changes to their positions in Walmart. Brighton Jones LLC boosted its position by 28.8% during the fourth quarter, while Revolve Wealth Partners LLC increased its stake by 5.8% in the same period.