Walmart Investor Cuts Stake by 25.6%, Reduces Holdings to 709,760 Shares

Ferguson Wellman Capital Management Inc., a significant investor in Walmart (NASDAQ:WMT), reduced its stake in the retail giant by 25.6% in the second quarter.

The firm, which owns about 1.0% of Walmart's investment portfolio, disclosed that it sold 244,149 shares during the period, leaving it with 709,760 shares worth $80,387,000.

This move is part of a broader trend in institutional investor activity, as other investors have also made changes to their positions in WMT. Merkkuri Wealth Advisors LLC acquired a new position in Walmart valued at approximately $29,000, while Entrust Financial LLC and Bay Harbor Wealth Management LLC increased their holdings.