SouthState Corp Increases Position in Walmart Inc. $WMT

SouthState Corp lifted its holdings in Walmart Inc. (NYSE:WMT) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,563 shares of the retailer’s stock after buying an additional 6,271 shares during the period. Walmart makes up approximately 1.1% of SouthState Corp’s portfolio, making the stock its 20th biggest holding. SouthState Corp’s holdings in Walmart were worth $25,185,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Sienna Gestion lifted its stake in Walmart by 11.0% in the second quarter. Sienna Gestion now owns 88,339 shares of the retailer’s stock valued at $7,886,000 after purchasing an additional 8,782 shares during the last quarter. Andra AP fonden lifted its stake in Walmart by 16.3% in the second quarter. Andra AP fonden now owns 548,188 shares of the retailer’s stock valued at $53,602,000 after purchasing an additional 77,000 shares during the last quarter. Horan Securities Inc. lifted its stake in Walmart by 5.1% in the second quarter. Horan Securities Inc. now owns 7,718 shares of the retailer’s stock valued at $755,000 after purchasing an additional 376 shares during the last quarter. Centerpoint Advisory Group lifted its stake in Walmart by 10.1% in the second quarter. Centerpoint Advisory Group now owns 6,121 shares of the retailer’s stock valued at $599,000 after purchasing an additional 560 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its stake in Walmart by 0.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 1,540,732 shares of the retailer’s stock valued at $150,530,000 after purchasing an additional 9,951 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WMT. JPMorgan Chase & Co. dropped their price objective on Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Evercore ISI reiterated an “outperform” rating and issued a $111.00 price objective (up previously from $110.00) on shares of Walmart in a research note on Tuesday, October 21st. Bank of America upped their price objective on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. UBS Group restated a “buy” rating and set a $122.00 target price (up previously from $110.00) on shares of Walmart in a research report on Thursday, October 23rd. Finally, Wolfe Research assumed coverage on Walmart in a research report on Thursday, September 18th. They set an “outperform” rating and a $129.00 target price on the stock. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.40.

Walmart Trading Down 0.8%

Walmart stock opened at $101.47 on Thursday. The stock has a market cap of $809.01 billion, a P/E ratio of 38.15, a PEG ratio of 4.83 and a beta of 0.67. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.57. The firm’s fifty day moving average price is $102.80 and its 200-day moving average price is $99.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $98.55, for a total value of $1,293,468.75. Following the transaction, the executive vice president owned 919,189 shares of the company’s stock, valued at approximately $90,586,075.95. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. The trade was a 1.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 151,038 shares of company stock worth $15,531,616. Company insiders own 0.10% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.