Walmart Stake Boosted by Focus Partners Advisor Solutions LLC as Earnings Expectations Soar

Focus Partners Advisor Solutions LLC increased its stake in Walmart Inc. (NASDAQ:WMT) by 76.3% in the second quarter, according to its latest SEC filing.

The fund owned 266,864 shares of the retailer's stock after purchasing an additional 115,525 shares during the period.

This represents about 0.3% of Focus Partners Advisor Solutions LLC's holdings, making Walmart its 24th largest holding.

The company's quarterly revenue was up 7.4% compared to the same quarter last year, and analysts expect a strong earnings track record with another potential beat supported by e-commerce momentum and growing contribution from Walmart Connect advertising.