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Banking & Finance

Jennison Associates LLC Sells 1,410,137 Shares of Walmart Inc. $WMT

·15 Aug
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Jennison Associates LLC reduced its stake in Walmart Inc. by 7.1% during the second quarter, selling 1,410,137 shares and owning 18,541,042 shares worth approximately $2.1 billion. Walmart represents 1.3% of Jennison's portfolio, making it their 17th largest position. Other institutional investors have also adjusted their holdings in Walmart, while the company faces mixed sentiment from analysts regarding its e-commerce growth, potential tariff refunds, and upcoming Q2 earnings.

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