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Banking & Finance

Massachusetts Financial Services Co. MA Sells 36,255 Shares of Walmart Inc. $WMT

·15 Aug
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Massachusetts Financial Services Co. MA significantly reduced its stake in Walmart Inc. by 87% in the second quarter, selling 36,255 shares but still retaining 5,415 shares valued at $613,000. Despite some recent analyst downgrades, Walmart maintains a "Moderate Buy" consensus rating with an average price target of $138.56. The company recently reported quarterly EPS of $0.66, meeting expectations, and revenue of $177.75 billion, which exceeded forecasts.

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