Dearborn Partners Dives into Walmart with $22.7 Million Stake

Dearborn Partners LLC has purchased new shares in Walmart Inc., according to a recent filing with the SEC. The institutional investor bought approximately $22.7 million worth of WMT stock, consisting of 200,798 shares.

This is not an isolated move; several other hedge funds have also recently added to or reduced their stakes in WMT. Entrust Financial LLC and Merkkuri Wealth Advisors LLC are among the investors that have bought new positions in Walmart during the past quarter.

Walmart's stock performance has been mixed, with a 52-week low of $95.79 and a 52-week high of $135.15. The company's market capitalization is approximately $820.4 billion, and its P/E ratio is 37.22.