Riggs Asset Managment Co. Inc. Sells 15,516 Shares of Walmart Inc. $WMT

Riggs Asset Managment Co. Inc. cut its holdings in Walmart Inc. (NASDAQ:WMT) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,145 shares of the retailer’s stock after selling 15,516 shares during the quarter. Walmart makes up 1.5% of Riggs Asset Managment Co. Inc.’s portfolio, making the stock its 24th largest position. Riggs Asset Managment Co. Inc.’s holdings in Walmart were worth $6,714,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Walmart during the 2nd quarter worth about $5,367,770,000. Laurel Wealth Advisors LLC raised its stake in shares of Walmart by 9,648.7% in the second quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock worth $1,123,138,000 after acquiring an additional 11,368,549 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after purchasing an additional 5,856,468 shares in the last quarter. Amundi grew its stake in shares of Walmart by 23.5% during the second quarter. Amundi now owns 19,493,644 shares of the retailer’s stock valued at $1,902,775,000 after purchasing an additional 3,710,506 shares during the last quarter. Finally, AGF Management Ltd. grew its stake in shares of Walmart by 1,176.6% during the second quarter. AGF Management Ltd. now owns 3,317,487 shares of the retailer’s stock valued at $324,384,000 after purchasing an additional 3,057,612 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. Wall Street Zen cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Guggenheim reiterated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Walmart in a research report on Friday, November 21st. Craig Hallum set a $150.00 target price on Walmart in a research note on Friday. Erste Group Bank reaffirmed a “hold” rating on shares of Walmart in a research note on Thursday. Finally, BTIG Research reiterated a “buy” rating and issued a $140.00 price target on shares of Walmart in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

Walmart Stock Performance

Shares of Walmart stock opened at $123.80 on Friday. The firm has a fifty day moving average of $121.87 and a two-hundred day moving average of $111.00. The stock has a market capitalization of $986.71 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 4.61 and a beta of 0.66. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $134.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.24 and a current ratio of 0.79.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $190.66 billion for the quarter, compared to analysts’ expectations of $188.37 billion. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Walmart News Roundup

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: OpenAI reportedly pulling back on direct purchases in ChatGPT could send more checkout traffic to retailer apps, giving Walmart’s commerce and app ecosystem an advantage. ChatGPT’s Retail Retreat Hands Walmart An AI Advantage: Analyst
• Positive Sentiment: Analyst commentary and re‑rated fair‑value models are lifting the tech/AI narrative around Walmart, producing higher price targets and supporting upside expectations from investors focused on digital and ads monetization. How Walmart (WMT) Is Rewriting Its Story With Tech, AI And A Richer Valuation Debate
• Positive Sentiment: Company execution reminders — new store formats and ongoing omnichannel growth — reinforce the core retail case that underpins earnings stability. Walmart Opens Next Generation Supercenter in The Villages
• Neutral Sentiment: Investor attention is high — search and readership spikes (Zacks/Yahoo) and conference transcripts give analysts more to parse but contain no single market‑moving surprise. Investors Heavily Search Walmart Inc. (WMT): Here is What You Need to Know
• Negative Sentiment: A reported sale by a 10% Walmart owner totaling roughly $136.45M adds supply pressure and can prompt short‑term negative sentiment despite not reflecting company fundamentals. 10% Owner Of Walmart Sold $136.45M In Stock
• Negative Sentiment: Analyses highlight a cautious forward outlook and attention to a ~$100M regulatory settlement tied to the Spark Driver program — both factors that pressured the stock in recent sessions. Walmart slides as cautious outlook and regulatory settlement weigh on sentiment
• Negative Sentiment: Ongoing tariff and import risks remain a margin headwind risk given Walmart’s large import footprint; rising trade frictions could pressure costs if not passed to customers. Walmart: Navigating A Bumpy Tariff Environment

Insider Transactions at Walmart

In related news, Director C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $126.71, for a total transaction of $2,460,201.36. Following the sale, the director owned 4,023,209 shares of the company’s stock, valued at approximately $509,780,812.39. This trade represents a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 20,000 shares of Walmart stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $127.79, for a total value of $2,555,800.00. Following the transaction, the executive vice president owned 486,764 shares in the company, valued at approximately $62,203,571.56. This represents a 3.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 279,703 shares of company stock valued at $34,140,843. Corporate insiders own 0.10% of the company’s stock.

Walmart Company 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.