Miller Investment Management LP Lowers Holdings in Walmart Inc. $WMT

Miller Investment Management LP reduced its position in Walmart Inc. (NASDAQ:WMT) by 36.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,585 shares of the retailer’s stock after selling 17,865 shares during the quarter. Miller Investment Management LP’s holdings in Walmart were worth $3,152,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Collier Financial purchased a new position in Walmart during the third quarter valued at approximately $25,000. Access Investment Management LLC bought a new stake in Walmart during the 2nd quarter valued at $26,000. Your Advocates Ltd. LLP bought a new stake in Walmart during the 3rd quarter valued at $28,000. Redmont Wealth Advisors LLC purchased a new position in shares of Walmart in the 3rd quarter valued at $30,000. Finally, Roble Belko & Company Inc raised its position in shares of Walmart by 212.6% in the 3rd quarter. Roble Belko & Company Inc now owns 322 shares of the retailer’s stock worth $33,000 after acquiring an additional 219 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Key Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Earnings and comps — Walmart posted an earnings and revenue beat alongside ~4.6% U.S. comp growth, which bolsters FY guidance and investor confidence in grocery/omnichannel momentum. Read More.
• Positive Sentiment: Buyback and capital returns — Management announced a fresh share‑repurchase authorization (roughly US$30B reported in coverage), which supports EPS and is a clear capital‑return catalyst. Read More.
• Positive Sentiment: Dividend hike — Walmart raised its dividend (~5%), reinforcing its Dividend King status and making the yield + buyback combo attractive to income and total‑return buyers. Read More.
• Positive Sentiment: Analyst support — Multiple firms raised targets and reiterated Outperform/Buy ratings (Telsey, BTIG, Jefferies, Oppenheimer), which likely contributed to positive flows and momentum. Read More.
• Neutral Sentiment: Institutional positioning — Large funds (Norges Bank, Vanguard, AQR, Geode) are listed as significant holders or recent movers; this underscores big‑cap ownership but doesn’t change the near‑term story materially. Read More.
• Neutral Sentiment: Analyst/industry commentary — Additional bank notes and earnings‑cycle comments (e.g., Erste Group) provide context on FY outlook without altering consensus materially. Read More.
• Negative Sentiment: Insider selling — Several senior executives, including CEO John Furner and two EVPs, disclosed sales of sizable share blocks this week; while often for diversification/tax reasons, such filings can create short‑term sentiment/headline pressure. Read More. • Read More. • Read More.
• Negative Sentiment: Macro/headline risk — Management flagged labor‑market softness and a possible “hiring recession,” which could signal consumer fragility and pressure discretionary volumes if the trend deepens. Read More.
• Negative Sentiment: Valuation caution — Some coverage flags a high forward earnings multiple and the share price sitting at/above certain analyst averages, which raises risk for near‑term multiple compression despite strong fundamentals. Read More.

Walmart Trading Up 2.3%

Shares of Walmart stock opened at $125.81 on Tuesday. The firm’s 50 day simple moving average is $119.55 and its two-hundred day simple moving average is $109.53. The firm has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 45.92, a PEG ratio of 4.97 and a beta of 0.65. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $134.69. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The business had revenue of $190.66 billion during the quarter, compared to the consensus estimate of $188.37 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. Analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be issued a $0.2475 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.8%. Walmart’s dividend payout ratio is currently 34.31%.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Truist Financial upped their price objective on Walmart from $127.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday. DA Davidson set a $150.00 price target on shares of Walmart and gave the company a “buy” rating in a research report on Friday. TD Cowen reaffirmed a “buy” rating and issued a $145.00 price objective (up previously from $136.00) on shares of Walmart in a research report on Friday. CICC Research began coverage on shares of Walmart in a research note on Friday, December 26th. They set an “outperform” rating and a $125.00 price objective for the company. Finally, Mizuho raised their target price on shares of Walmart from $125.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.53.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 20,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $122.27, for a total transaction of $2,445,400.00. Following the sale, the executive vice president directly owned 506,764 shares of the company’s stock, valued at approximately $61,962,034.28. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donna Morris sold 76,181 shares of Walmart stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $123.79, for a total value of $9,430,445.99. Following the transaction, the executive vice president owned 402,072 shares of the company’s stock, valued at $49,772,492.88. The trade was a 15.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 261,903 shares of company stock worth $31,496,959 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Walmart Profile

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.