PCM Encore LLC Takes New Stake in Walmart Inc.

PCM Encore LLC has taken a new stake in Walmart Inc. (WMT) shares, acquiring 26,388 shares valued at approximately $2.989 million in the second quarter.

This represents 0.5% of PCM Encore's portfolio and makes WMT its 29th largest holding.

Other institutional investors also bought new stakes in Walmart during this period, including Grand Wealth Management LLC, Trillium Asset Management LLC, Altman Advisors Inc., Clay Northam Wealth Management LLC, and Jupiter Wealth Management LLC.

In other news, EVP Daniel J. Bartlett sold 3,775 shares of WMT stock on July 1st for a total transaction value of $413,891, while EVP David W. Guggina sold 11,978 shares on June 10th for a total transaction value of $1.435 million.

Walmart's recent earnings report exceeded expectations, with adjusted earnings of $0.81 per share and revenue of $187.94 billion, up 5.9% year over year.