Walmart Sees Increased Institutional Interest Ahead of Earnings Release

Acumen Wealth Advisors LLC increased its holdings in Walmart Inc. (NASDAQ:WMT) by 109.2% in the second quarter, according to its most recent disclosure with the SEC.

The firm owned 21,818 shares of the retailer's stock after acquiring an additional 11,389 shares during the period. Acumen Wealth Advisors LLC's holdings in Walmart were worth $2,471,000 at the end of the most recent quarter.

This is not an isolated instance; other hedge funds and institutional investors have also been adding to or reducing their stakes in WMT. Brighton Jones LLC boosted its position in shares of Walmart by 28.8% during the fourth quarter, while Revolve Wealth Partners LLC increased its holdings by 5.8% during the same period.

The company's stock price has seen some fluctuations recently, with a current market cap of $917.33 billion and a 52-week low of $95.42. Walmart will be releasing its second-quarter earnings results on August 20, which may have an impact on the stock's performance.