Walmart Inc. $WMT Shares Purchased by State of Michigan Retirement System

State of Michigan Retirement System raised its stake in Walmart Inc. (NASDAQ:WMT) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,187,120 shares of the retailer’s stock after acquiring an additional 12,300 shares during the quarter. Walmart makes up 0.6% of State of Michigan Retirement System’s portfolio, making the stock its 26th biggest holding. State of Michigan Retirement System’s holdings in Walmart were worth $122,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in WMT. Access Investment Management LLC purchased a new stake in shares of Walmart during the second quarter worth about $26,000. Your Advocates Ltd. LLP purchased a new stake in Walmart in the 3rd quarter worth approximately $28,000. Roble Belko & Company Inc raised its holdings in Walmart by 212.6% in the 3rd quarter. Roble Belko & Company Inc now owns 322 shares of the retailer’s stock valued at $33,000 after acquiring an additional 219 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Walmart during the 3rd quarter worth $39,000. Finally, Harbor Asset Planning Inc. purchased a new position in shares of Walmart during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP Donna Morris sold 76,181 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $123.79, for a total transaction of $9,430,445.99. Following the transaction, the executive vice president owned 402,072 shares in the company, valued at $49,772,492.88. The trade was a 15.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 20,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $122.27, for a total value of $2,445,400.00. Following the completion of the sale, the executive vice president directly owned 506,764 shares of the company’s stock, valued at $61,962,034.28. The trade was a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 229,196 shares of company stock worth $26,957,858 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on WMT. Jefferies Financial Group reiterated a “buy” rating and issued a $132.00 target price on shares of Walmart in a research note on Tuesday. Truist Financial set a $127.00 price objective on shares of Walmart in a research note on Wednesday, December 17th. Wells Fargo & Company reiterated an “overweight” rating and set a $130.00 price objective (up from $120.00) on shares of Walmart in a report on Friday, December 19th. The Goldman Sachs Group set a $121.00 target price on shares of Walmart and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, DA Davidson set a $130.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, November 21st. Thirty-two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.06.

Walmart Trading Up 3.3%

NASDAQ WMT opened at $131.18 on Friday. The firm has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 45.87, a PEG ratio of 4.85 and a beta of 0.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. Walmart Inc. has a one year low of $79.81 and a one year high of $131.70. The company’s 50 day moving average price is $116.44 and its 200 day moving average price is $107.07.

Walmart (NASDAQ:WMT) last released its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. Walmart’s revenue for the quarter was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart joined the trillion‑dollar market‑cap club, boosting investor confidence that its investments in e‑commerce, tech and higher‑margin services are being rewarded. Walmart Trillion-Dollar Club (Fool)
• Positive Sentiment: Evidence of accelerating Walmart+ paid‑membership adoption supports a path to more recurring, higher‑margin revenue — a key part of the bull thesis. Walmart paid membership growth (Seeking Alpha)
• Positive Sentiment: Large institutional buying (e.g., Alecta boosting its stake) is a vote of confidence from some money managers and can support the stock at higher levels. Alecta boosts stake in Walmart (TipRanks)
• Positive Sentiment: Retail commentator Tim Bohen flagged Walmart among his “Big 3” long‑term AI/retail ideas, reinforcing positive retail investor narratives. The Big 3: BE, WMT, XPO (YouTube)
• Neutral Sentiment: Analyst coverage is tilted positive but consensus targets are near current prices; recent quarterly results beat estimates and FY‑26 EPS guidance is modest — upside now depends on continued execution. Zacks: Earnings ESP for retailers
• Negative Sentiment: Insider selling (EVP Donna Morris and others disclosed multi‑million dollar stock sales this week) can create short‑term selling pressure or be read as executives monetizing gains. Walmart insider selling (InsiderTrades)
• Negative Sentiment: Competitive risk from Amazon’s physical grocery/fulfillment push and Walmart’s elevated multiples mean any slowdown in sales or margin mix could trigger a pullback. Amazon grocery competition (Reuters)

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.