Continuum Advisory LLC Boosts Stake in Walmart Amid Mixed Earnings Reports

Continuum Advisory LLC has increased its stake in Walmart Inc. (NASDAQ:WMT) by 3.5% in the second quarter, according to the company's most recent Form 13F filing with the Securities & Exchange Commission.

The firm owned 357,980 shares of Walmart's stock after purchasing an additional 12,104 shares during the period. The stock comprises 3.3% of Continuum Advisory LLC's portfolio and is its 4th biggest holding.

Walmart's share price has been affected by recent earnings reports. In August, the company reported fiscal second-quarter adjusted EPS of $0.81, beating the consensus estimate of $0.74. Revenue rose 5.9% year over year to $187.94 billion and exceeded estimates.

However, UBS analyst Michael Lasser remained bullish on Walmart's e-commerce, advertising and membership momentum. Despite this, the company's guidance for fiscal third-quarter EPS fell short of consensus estimates, causing a decline in its stock price.