Walmart Sees Increased Institutional Investment Amid Strong Earnings

Ancora Advisors LLC has invested in Walmart Inc. (NASDAQ:WMT) for the first time, according to its most recent Form 13F filing with the Securities & Exchange Commission.

The fund purchased 115,781 shares of Walmart's stock during the second quarter, valued at approximately $13,113,000.

This is not an isolated investment; several other large investors have also modified their holdings in the company. Delos Wealth Advisors LLC, Primecap Management Co. CA, Palisade Capital Management LP, Cooper Haims Advisors LLC, and Canada Pension Plan Investment Board all acquired new stakes in Walmart's stock during the second quarter.

The institutional ownership of Walmart now stands at 26.76%. The company has a market capitalization of $820.40 billion, with a PE ratio of 37.22 and a P/E/G ratio of 3.90.