Truist Securities Upgrades Walmart (SNSE:WMT)

Fintel reports that on September 24, 2024, Truist Securities upgraded their outlook for Walmart (SNSE:WMT) from Hold to Buy.

What is the Fund Sentiment?

There are 4,523 funds or institutions reporting positions in Walmart. This is an increase of 141 owner(s) or 3.22% in the last quarter. Average portfolio weight of all funds dedicated to WMT is 0.68%, an increase of 9.21%. Total shares owned by institutions increased in the last three months by 9.08% to 3,043,829K shares.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 140,005K shares representing 1.74% ownership of the company. In its prior filing, the firm reported owning 139,586K shares , representing an increase of 0.30%. The firm increased its portfolio allocation in WMT by 9.76% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 109,629K shares representing 1.36% ownership of the company. In its prior filing, the firm reported owning 107,869K shares , representing an increase of 1.61%. The firm increased its portfolio allocation in WMT by 8.26% over the last quarter.

Geode Capital Management holds 84,831K shares representing 1.06% ownership of the company. In its prior filing, the firm reported owning 83,327K shares , representing an increase of 1.77%. The firm increased its portfolio allocation in WMT by 8.69% over the last quarter.

Bank Of America holds 70,702K shares representing 0.88% ownership of the company. In its prior filing, the firm reported owning 67,041K shares , representing an increase of 5.18%. The firm increased its portfolio allocation in WMT by 11.91% over the last quarter.

Norges Bank holds 69,395K shares representing 0.86% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.

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This story originally appeared on Fintel.

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