Manchester Financial Inc. Acquires $1.95M Worth of Walmart Shares

Manchester Financial Inc. has acquired 17,208 shares of Walmart Inc.'s stock in the second quarter, valued at approximately $1,949,000, according to its most recent disclosure with the Securities & Exchange Commission.

This is not an isolated event, as other large investors have also added to or reduced their stakes in WMT. MFA Wealth Services increased its position by 0.7% during the first quarter and now owns 10,909 shares of Walmart's stock valued at $1,356,000.

The acquisition comes amidst a strong performance from Walmart, which has seen its U.S. marketplace sales increase by 52%. The company has also seen improvement in its international digital operations, with rising e-commerce penetration and reduced losses.