Flossbach Von Storch SE Invests in Walmart Inc., Analysts Weigh In on Earnings Report
Flossbach Von Storch SE invested $20.04 million in Walmart Inc. (NASDAQ:WMT) during the second quarter, buying 176,957 shares of the retailer's stock.
The institutional investor bought a new position in Walmart, valuing its stake at approximately $20,042,000.
This is not an isolated investment; several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Walmart by 28.8% in the fourth quarter, while Revolve Wealth Partners LLC lifted its holdings in shares of Walmart by 5.8%.
Analysts have responded to Walmart's latest earnings report with a mix of positive and negative sentiment. On one hand, the retailer reported adjusted earnings of $0.81 per share and revenue of $187.94 billion, beating consensus estimates of $0.74 and $186.62 billion, respectively.
On the other hand, U.S. comparable sales grew 2.6%, below expectations near 3.5%, marking Walmart's weakest domestic comparable-sales growth in more than six years. Analysts cited weakness in health and wellness and questioned the trajectory of the core U.S. business.