NBT Bank increased its stake in Walmart by 10% to 127,379 shares valued at $15.8 million, while Commonwealth Financial Services nearly doubled its holdings following Walmart's 7.4% year-over-year revenue growth. Conversely, Cullinan Associates reduced its position by 72.7%, and key insiders, including CEO Doug McMillon, sold significant amounts of stock. Walmart's market capitalization reached $906.43 billion supported by stronger-than-expected revenue results and earnings that met analyst estimates.
Commonwealth Financial Services nearly doubled its holdings in Walmart, bringing its total stake to over 26,000 shares valued at $3.28 million.
Read the full storyCullinan Associates slashed its WMT stake by 72.7% as CEO Doug McMillon and other executives engaged in profit-taking.
NBT Bank boosted its Walmart holdings to 127,379 shares valued at $15.8 million, signaling institutional confidence after a 7.4% revenue jump.