Polaris Financial Partners Takes Stake in Walmart

Polaris Financial Partners, an institutional investor, has acquired a new stake in Walmart Inc. (NASDAQ: WMT) worth approximately $1,842,000. The company purchased 17,457 shares of Walmart's stock during the third quarter.

This investment accounts for 0.9% of Polaris Financial Partners' portfolio and makes Walmart its 22nd biggest holding. Other institutional investors have also been increasing their stakes in Walmart, including Bank of America Corp DE, Legal & General Group Plc, Canada Pension Plan Investment Board, Deutsche Bank AG, and Amundi.

The current market capitalization of Walmart is $827.17 billion, with a price-to-earnings ratio of 37.64 and a beta of 0.58. The company's quarterly revenue was up 5.9% compared to the same quarter last year, while its net margin stood at 3.00%. Analysts expect Walmart to post EPS of 2.87 for the current year.