SouthState Corp Purchases 6,271 Shares of Walmart Inc. $WMT

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

A number of other institutional investors have also added to or reduced their stakes in WMT. Access Investment Management LLC bought a new position in Walmart in the second quarter valued at $26,000. Operose Advisors LLC grew its stake in shares of Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after buying an additional 243 shares during the last quarter. PFS Partners LLC grew its stake in shares of Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after buying an additional 233 shares during the last quarter. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after buying an additional 167 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after buying an additional 294 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on WMT shares. Royal Bank Of Canada set a $116.00 target price on shares of Walmart and gave the stock an “outperform” rating in a report on Wednesday, October 29th. The Goldman Sachs Group increased their target price on shares of Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. BTIG Research began coverage on shares of Walmart in a report on Tuesday, October 14th. They set a “buy” rating and a $120.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Finally, Tigress Financial raised their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Thirty-one investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $113.40.

Walmart Stock Performance

Shares of WMT opened at $101.47 on Thursday. Walmart Inc. has a one year low of $79.81 and a one year high of $109.57. The company has a 50-day simple moving average of $102.80 and a two-hundred day simple moving average of $99.34. The firm has a market capitalization of $809.01 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23.

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

Insider Buying and Selling at Walmart

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were 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 owned 1,787,200 shares of the company’s stock, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the transaction, the executive vice president directly owned 919,189 shares of the company’s stock, valued at $90,586,075.95. This represents a 1.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 151,038 shares of company stock worth $15,531,616 over the last three months. Company insiders own 0.10% of the company’s stock.

Walmart Company Profile

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.