Heartland Bank & Trust Co Purchases 20,709 Shares of Walmart Inc. $WMT

Posted by Francis Steltz on Jul 18th, 2026

Walmart logo Heartland Bank & Trust Co lifted its holdings in Walmart Inc. (NASDAQ:WMT – Free Report) by 107.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 39,970 shares of the retailer’s stock after acquiring an additional 20,709 shares during the quarter. Walmart comprises approximately 1.1% of Heartland Bank & Trust Co’s holdings, making the stock its 19th biggest position. Heartland Bank & Trust Co’s holdings in Walmart were worth $4,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of WMT. Norges Bank purchased a new position in Walmart in the fourth quarter worth $6,458,529,000. AQR Capital Management LLC increased its position in shares of Walmart by 188.1% during the 3rd quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock valued at $1,199,907,000 after purchasing an additional 7,614,172 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Walmart by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock valued at $11,426,753,000 after purchasing an additional 6,517,394 shares during the last quarter. Capital International Investors bought a new stake in shares of Walmart during the 4th quarter worth $592,848,000. Finally, Vanguard Group Inc. raised its stake in shares of Walmart by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after purchasing an additional 4,304,436 shares during the period. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $132.21, for a total value of $2,566,989.36. Following the sale, the director directly owned 4,193,995 shares of the company’s stock, valued at approximately $554,488,078.95. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president owned 120,203 shares of the company’s stock, valued at $14,300,550.91. This trade represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,145 shares of company stock worth $10,691,920 over the last quarter. Insiders own 0.09% of the company’s stock.

Walmart Trading Down 0.6%

Shares of WMT stock opened at $114.24 on Friday. The stock has a market capitalization of $909.13 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 4.29 and a beta of 0.60. The company’s fifty day simple moving average is $118.82 and its two-hundred day simple moving average is $122.04. Walmart Inc. has a 1 year low of $94.43 and a 1 year high of $135.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23.

Walmart (NASDAQ:WMT – Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. BNP Paribas Exane cut their price target on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Wolfe Research restated an “outperform” rating and set a $137.00 price objective (up from $135.00) on shares of Walmart in a report on Monday, May 11th. Evercore reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 18th. Morgan Stanley boosted their target price on shares of Walmart from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $138.85.

View Our Latest Research Report on Walmart

Walmart News Summary

Here are the key news stories impacting Walmart this week:

Positive Sentiment: June U.S. retail sales held up, suggesting consumers are still spending as Walmart heads into the back-to-school season; that could support traffic and sales volumes if the company remains aggressive on pricing. Retail Sales Hold Up as Walmart and Amazon Go Back to School
Neutral Sentiment: Walmart is also being discussed in multiple market and analyst roundups, with commentary focusing on its strong digital growth and role as a defensive stock, but these pieces do not appear to include a major new business update. Walmart Commands a 36.74X Forward P/E: Is the Stock Worth Buying?
Neutral Sentiment: An article about AI and retail highlighted that Walmart is investing in automation while still emphasizing workers, which reinforces its long-term strategy but is unlikely to move the stock on its own. Walmart’s people chief says these 10 jobs are still hot in the age of AI
Negative Sentiment: Some analysts argue Walmart’s premium valuation leaves limited room for disappointment, with one note saying momentum alone may not justify the stock’s high forward P/E. Walmart’s Momentum Cannot Justify The Premium
Negative Sentiment: Walmart has also been the subject of bearish commentary saying the recent sell-off may not be over, adding to investor caution around the shares. Walmart: The Sell-Off Isn’t Over Yet (Rating Upgrade)

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.