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Walmart's stock saw institutional sell-offs despite strong earnings and revenue reports.
Several institutional investors reduced their stakes in Walmart Inc. (WMT) during the first quarter, with Scissortail Wealth Management LLC lowering its holdings by 8.3% to 93,030 shares.
Walmart reported earnings of $0.61 per share, surpassing expectations, and revenue of $165.61 billion.
Analysts predict Walmart will post earnings per share of 2.55 for the fiscal year.
The company's stock is valued at $828.13 billion with a P/E ratio of 44.35.
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Las acciones de Walmart vieron ventas institucionales a pesar de fuertes informes de ganancias e ingresos.