HORAN Wealth Sells 40,938 Shares of Walmart

HORAN Wealth LLC reduced its holdings in Walmart Inc. (NASDAQ:WMT) by 50.2% during the 2nd quarter, according to the company's most recent 13F filing with the SEC.

The institutional investor owned 40,606 shares of the retailer's stock after selling 40,938 shares during the period. HORAN Wealth LLC's holdings in Walmart were worth $4,599,000 at the end of the most recent reporting period.

This comes as other hedge funds have also recently added to or reduced their stakes in the business. Amundi raised its position in Walmart by 44.4% in the second quarter and now owns 20,796,957 shares of the retailer's stock worth $2,355,463,000 after purchasing an additional 6,393,326 shares in the last quarter.

The sale has been seen as a move to rebalance their portfolio or adjust to market conditions. The value of Walmart's shares has fluctuated over the past year, with a one-year high of $135.15 and a one-year low of $98.88.