Summit Global Investments Reduces Stock Holdings in Walmart Inc. $WMT

Summit Global Investments lessened its position in shares of Walmart Inc. (NASDAQ:WMT) by 18.1% during the third quarter, Holdings Channel reports. The institutional investor owned 67,796 shares of the retailer’s stock after selling 14,999 shares during the quarter. Summit Global Investments’ holdings in Walmart were worth $6,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Patton Albertson Miller Group LLC lifted its holdings in Walmart by 0.9% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 93,165 shares of the retailer’s stock worth $9,602,000 after purchasing an additional 789 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Walmart by 13.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 18,937 shares of the retailer’s stock valued at $1,952,000 after acquiring an additional 2,273 shares in the last quarter. Cloud Capital Management LLC bought a new stake in Walmart during the third quarter valued at approximately $169,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Walmart by 2.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 25,423 shares of the retailer’s stock worth $2,620,000 after acquiring an additional 580 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in Walmart by 17.5% during the third quarter. AE Wealth Management LLC now owns 556,531 shares of the retailer’s stock worth $57,356,000 after purchasing an additional 82,909 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart is elevating 3,000 pharmacy technician roles to operations team lead and raising average pay from $22 to $28/hour, signaling a material investment in pharmacy and digital health services that can expand higher-margin services and improve customer retention. Walmart boosts pharmacy pay, elevates 3,000 roles (Reuters) Walmart boosting pay potential for pharmacy technicians (Yahoo) Walmart expands health care push (Seeking Alpha)
• Positive Sentiment: Analyst coverage remains constructive — some outlets continue to pitch WMT as a buy on value, scale and omnichannel advantages during weak consumer confidence, supporting upside sentiment among investors. Buy Walmart and 3 retail stocks (Zacks)
• Neutral Sentiment: Walmart vs. Target coverage compares tech upgrades, omnichannel growth and differing customer mixes; investors should watch execution and margin trade-offs as each pursues traffic and digital sales. WMT vs. TGT (Zacks)
• Neutral Sentiment: Coverage on the Amazon–Walmart rivalry stresses intensified competition in grocery and healthcare; that underscores growth opportunity but also potential margin pressure as both invest in services, logistics and pricing. Amazon, Walmart Fight on Grocery and Healthcare (PYMNTS)
• Neutral Sentiment: Leadership news: reports note CEO Doug McMillon is retiring after a long tenure; the company is portrayed as having attracted higher-income shoppers during inflation — leadership transition is a watch item but not an immediate operational shock. Walmart CEO Doug McMillon retiring (Fox Business)

Walmart Price Performance

Shares of NASDAQ:WMT opened at $117.41 on Friday. The business has a 50-day simple moving average of $114.20 and a two-hundred day simple moving average of $105.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The firm has a market cap of $935.78 billion, a price-to-earnings ratio of 41.05, a price-to-earnings-growth ratio of 4.97 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $121.62.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMT shares. TD Cowen restated a “buy” rating on shares of Walmart in a report on Wednesday, January 14th. Robert W. Baird lifted their price objective on Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Morgan Stanley reissued an “overweight” rating and issued a $135.00 price target (up from $125.00) on shares of Walmart in a research note on Thursday, January 15th. Mizuho set a $125.00 target price on Walmart and gave the stock an “outperform” rating in a report on Monday, January 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Walmart in a research note on Friday, November 21st. Thirty-two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.20.

Insider Buying and Selling at Walmart

In other news, EVP Donna Morris sold 9,384 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $120.19, for a total transaction of $1,127,862.96. Following the transaction, the executive vice president directly owned 536,312 shares of the company’s stock, valued at $64,459,339.28. This represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,388 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $120.00, for a total value of $166,560.00. Following the completion of the transaction, the executive vice president owned 645,642 shares in the company, valued at approximately $77,477,040. This trade represents a 0.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 135,215 shares of company stock worth $15,304,608. 0.10% of the stock is owned by corporate insiders.

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.