State of Michigan Retirement System Boosts Stake in Walmart Inc. $WMT

State of Michigan Retirement System lifted its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 1,187,120 shares of the retailer’s stock after purchasing an additional 12,300 shares during the quarter. Walmart accounts for 0.6% of State of Michigan Retirement System’s investment portfolio, making the stock its 26th largest holding. State of Michigan Retirement System’s holdings in Walmart were worth $122,345,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Eukles Asset Management grew its stake in Walmart by 11,934.4% during the 3rd quarter. Eukles Asset Management now owns 21,662 shares of the retailer’s stock valued at $2,233,000 after purchasing an additional 21,482 shares in the last quarter. MMA Asset Management LLC raised its position in shares of Walmart by 120.7% in the 3rd quarter. MMA Asset Management LLC now owns 7,570 shares of the retailer’s stock valued at $780,000 after purchasing an additional 4,140 shares in the last quarter. Pacific Wealth Strategies Group Inc. purchased a new position in shares of Walmart during the 3rd quarter valued at approximately $318,000. Fortitude Advisory Group L.L.C. grew its position in shares of Walmart by 0.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 14,178 shares of the retailer’s stock worth $1,461,000 after buying an additional 117 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of Walmart by 1.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 587,231 shares of the retailer’s stock worth $60,520,000 after buying an additional 7,235 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $104.75, for a total value of $1,374,843.75. Following the completion of the transaction, the executive vice president owned 879,815 shares in the company, valued at approximately $92,160,621.25. This represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Chojnowski sold 7,000 shares of Walmart stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total value of $746,550.00. Following the sale, the senior vice president directly owned 136,289 shares in the company, valued at approximately $14,535,221.85. This trade represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 229,196 shares of company stock worth $26,957,858 over the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WMT shares. DA Davidson set a $130.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, November 21st. Jefferies Financial Group restated a “buy” rating and issued a $132.00 target price on shares of Walmart in a research note on Tuesday. The Goldman Sachs Group set a $121.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Tuesday, January 13th. BTIG Research reissued a “buy” rating and issued a $125.00 price objective on shares of Walmart in a report on Wednesday, January 14th. Finally, Mizuho set a $125.00 price objective on Walmart and gave the company an “outperform” rating in a research note on Monday, January 5th. Thirty-two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $125.06.

Trending Headlines about Walmart

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)

Walmart Trading Up 3.3%

NASDAQ:WMT opened at $131.18 on Friday. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 45.87, a P/E/G ratio of 4.85 and a beta of 0.65. The business has a 50 day simple moving average of $116.44 and a 200 day simple moving average of $107.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $131.70.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. During the same period last year, the business posted $0.58 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

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.