Walmart Sees Institutional Buying Amid Mixed Earnings Report
Martin & Co. Inc. TN has acquired a new position in Walmart Inc. (NASDAQ:WMT), according to its recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,478 shares of the retailer's stock, valued at approximately $4,245,000.
Other institutional investors have also modified their holdings of Walmart in recent quarters. Merkkuri Wealth Advisors LLC acquired a new position in the 1st quarter valued at about $29,000, while Bay Harbor Wealth Management LLC increased its position by 57.4% during the fourth quarter.
In related news, EVP Christopher James Nicholas sold 2,900 shares of Walmart stock on August 20th, and EVP David W. Guggina sold 11,978 shares on June 10th. The sale of these shares was executed under pre-arranged Rule 10b5-1 trading plans.