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

Riggs Asset Managment Co. Inc. reduced its stake in shares of Walmart Inc. (NASDAQ:WMT) by 19.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,145 shares of the retailer’s stock after selling 15,516 shares during the period. Walmart makes up approximately 1.5% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its 24th biggest holding. 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 recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 435,652,710 shares of the retailer’s stock valued at $44,898,368,000 after purchasing an additional 3,835,200 shares during the period. Geode Capital Management LLC grew its holdings in shares of Walmart by 0.3% during the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after buying an additional 263,718 shares in the last quarter. Norges Bank acquired a new stake in Walmart in the 2nd quarter valued at approximately $5,367,770,000. Fisher Asset Management LLC lifted its stake in Walmart by 1.6% in the 3rd quarter. Fisher Asset Management LLC now owns 40,298,623 shares of the retailer’s stock valued at $4,153,176,000 after acquiring an additional 634,211 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Walmart by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock worth $3,126,775,000 after acquiring an additional 1,098,342 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $123.80 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $121.87 and its 200 day simple moving average is $111.00. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $134.69. The company has a market cap 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 (NASDAQ:WMT) last released its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The firm had revenue of $190.66 billion for the quarter, compared to analyst estimates of $188.37 billion. During the same quarter in the prior year, the company earned $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. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be issued a dividend of $0.2475 per share. 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 (DPR) is currently 34.31%.

Insider Buying and Selling

In related news, EVP Latriece Watkins sold 10,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $121.46, for a total value of $1,214,600.00. Following the transaction, the executive vice president directly owned 108,294 shares in the company, valued at approximately $13,153,389.24. This represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $127.79, for a total transaction of $2,555,800.00. Following the transaction, the executive vice president directly 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 279,703 shares of company stock valued at $34,140,843 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Telsey Advisory Group lifted their price objective on shares of Walmart from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 20th. BTIG Research restated a “buy” rating and set a $140.00 target price on shares of Walmart in a report on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and issued a $138.00 target price on shares of Walmart in a research report on Friday, February 20th. Argus raised shares of Walmart to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Erste Group Bank restated a “hold” rating on shares of Walmart in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Key Headlines Impacting Walmart

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

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.