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B. Metzler seel. Sohn & Co. AG Boosts Stake in Walmart Amid Mixed Earnings Results

Guavy AI Editorial Team
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WMT
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B. Metzler seel. Sohn & Co. AG has increased its stake in Walmart Inc. (NASDAQ: WMT) by 3.6% after purchasing an additional 10,977 shares in the second quarter.

The firm now owns 315,661 shares of the retailer's stock, valued at $35.75 million as of its most recent SEC filing.

This move comes as Walmart reported strong earnings results for the second quarter, beating consensus estimates with adjusted earnings of $0.81 per share and revenue of $187.94 billion.

However, some analysts have expressed caution about the company's stock price, which has been affected by increased energy costs and consumer trade-offs.

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