Shelter Mutual Invests $13.79 Million in Walmart

Shelter Mutual Insurance Co made a significant investment in Walmart Inc (NASDAQ:WMT) by purchasing 121,766 shares of its stock in the second quarter. This purchase was valued at approximately $13.79 million and represents about 2.9% of Shelter Mutual's holdings, making it their eighth-largest holding.

The institutional investor also increased its stake in Walmart through other purchases, with MFA Wealth Services raising its stake by 0.7% during the first quarter, and Compton Financial Group LLC boosting its stake by 4.1% in the same period.

Walmart's stock price has been affected by recent earnings reports, which showed a slight decline in comparable sales growth to 2.6%, below the 3.8% consensus estimate.