StocksNBT Bank Increases Walmart Stake by 10% Following Strong Earnings
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.