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DNB Asset Management AS Reduces Stock Position in Walmart Inc. $WMT
DNB Asset Management AS has reduced its stake in Walmart Inc. (NASDAQ:WMT) by 9.5% in the third quarter, selling 182,507 shares and now owning 1,739,021 shares worth $179.22 million. Despite this reduction, Walmart remains DNB’s 25th biggest holding, accounting for 0.7% of its portfolio. The article also details other institutional investor activity, insider sales by Walmart executives, recent positive and negative news impacting the company, its financial performance, and analyst ratings.