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Walmart Inc. $WMT Stock Position Increased by Focus Partners Advisor Solutions LLC
Focus Partners Advisor Solutions LLC has increased its stake in Walmart Inc. (WMT) by 23.3% during the third quarter, bringing their total holdings to 136,072 shares valued at $13.98 million. This increase in institutional investment comes alongside various analyst rating changes, positive sentiment regarding Sam’s Club sales and Walmart’s position as a defensive stock, and some negative sentiment concerning recent insider stock sales and valuation questions. Walmart recently announced a quarterly dividend and reported earnings that beat consensus estimates, with revenue up 5.6% year-over-year.