Conning Inc. Sells 6,268 Shares of Walmart Inc. $WMT

Posted by Stanley Muller on Jul 12th, 2026

Walmart logo Conning Inc. cut its holdings in shares of Walmart Inc. (NASDAQ:WMT – Free Report) by 10.0% in the 1st quarter, HoldingsChannel reports. The fund owned 56,251 shares of the retailer’s stock after selling 6,268 shares during the period. Conning Inc.’s holdings in Walmart were worth $6,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Fulcrum Capital LLC bought a new position in Walmart in the 1st quarter valued at about $209,000. Walled Lake Planning & Wealth Management LLC increased its holdings in Walmart by 15.9% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 5,527 shares of the retailer’s stock worth $687,000 after purchasing an additional 759 shares in the last quarter. KLCM Advisors Inc. increased its holdings in Walmart by 0.6% during the 1st quarter. KLCM Advisors Inc. now owns 31,244 shares of the retailer’s stock worth $3,883,000 after purchasing an additional 200 shares in the last quarter. Diversified Investment Strategies LLC raised its stake in shares of Walmart by 0.6% in the first quarter. Diversified Investment Strategies LLC now owns 62,310 shares of the retailer’s stock worth $7,744,000 after purchasing an additional 355 shares during the last quarter. Finally, Manning & Napier Advisors LLC raised its stake in shares of Walmart by 45.9% in the first quarter. Manning & Napier Advisors LLC now owns 970 shares of the retailer’s stock worth $121,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Key Walmart News

Here are the key news stories impacting Walmart this week:

Positive Sentiment: Walmart is rolling out more wellness benefits at Sam’s Club, including Weight Watchers perks, which could deepen member loyalty, support renewals, and boost recurring membership revenue. Article Title
Positive Sentiment: Walmart is also getting attention for broad price cuts across groceries and household staples, which should help reinforce its reputation as a defensive, inflation-fighting retailer and drive traffic to stores and clubs. Article Title
Positive Sentiment: Jim Cramer said Walmart is one of the “greatest companies on earth” and called the recent pullback an “incredible buying opportunity,” helping support sentiment around the stock. Article Title
Neutral Sentiment: Commentary around Walmart’s health event and its AI shopping efforts highlights longer-term strategic investments, but these items are more thematic than immediate catalysts for the stock. Article Title
Neutral Sentiment: Coverage comparing Walmart’s AI shopping race with Amazon underscores competitive pressure in retail tech, but it does not point to any near-term operational setback for Walmart. Article Title

Analysts Set New Price Targets

Several research analysts recently issued reports on WMT shares. TD Cowen reaffirmed a “buy” rating and set a $150.00 target price (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Tigress Financial restated a “buy” rating and set a $155.00 price objective (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Truist Financial set a $140.00 price objective on shares of Walmart in a report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research note on Monday, April 20th. Finally, Freedom Capital upgraded shares of Walmart from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $138.85.

Read Our Latest Stock Analysis on Walmart

Insiders Place Their Bets

In other Walmart news, EVP Christopher James Nicholas sold 2,900 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $118.19, for a total value of $342,751.00. Following the transaction, the executive vice president directly owned 574,953 shares in the company, valued at $67,953,695.07. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the sale, the executive vice president directly owned 120,203 shares in the company, valued at $14,300,550.91. This trade represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 104,505 shares of company stock valued at $12,858,514. Company insiders own 0.09% of the company’s stock.

Walmart Stock Performance

Walmart stock traded up $1.69 during mid-day trading on Friday, reaching $113.90. 12,452,368 shares of the company’s stock were exchanged, compared to its average volume of 21,901,888. The business’s fifty day simple moving average is $120.48 and its 200 day simple moving average is $121.96. The firm has a market capitalization of $906.43 billion, a PE ratio of 39.97, a P/E/G ratio of 4.25 and a beta of 0.60. Walmart Inc. has a one year low of $94.23 and a one year high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.89 earnings per share for the current year.

Walmart Company Profile

(Free Report)

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.