Massachusetts Financial Services Co. MA Ditches 87% of Walmart Holdings
Massachusetts Financial Services Co. MA has made significant changes to its holdings in Walmart Inc. (NASDAQ:WMT) over the past quarter. According to a recent SEC filing, the company reduced its stake by 87% during the second quarter, selling 36,255 shares of Walmart stock.
The firm now owns 5,415 shares of Walmart's stock, valued at approximately $613,000. This reduction in holdings is part of a larger trend among institutional investors, with several other firms purchasing new stakes in Walmart during the fourth quarter.
Among these institutions, Entrust Financial LLC and Sankala Group LLC purchased new positions in Walmart worth $27,000 and $33,000 respectively, while Bay Harbor Wealth Management LLC increased its holdings by 57.4% in the fourth quarter.