TOWER TRUST & INVESTMENT Co Acquires 9,382 Shares of Walmart Inc. $WMT

Posted by Francis Steltz on Oct 30th, 2026

Walmart logo TOWER TRUST & INVESTMENT Co lifted its holdings in Walmart Inc. (NASDAQ:WMT – Free Report) by 2,743.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,724 shares of the retailer’s stock after acquiring an additional 9,382 shares during the quarter. TOWER TRUST & INVESTMENT Co’s holdings in Walmart were worth $1,010,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bell & Brown Wealth Advisors LLC purchased a new position in shares of Walmart in the second quarter worth about $6,451,000. Advisortrust Partners LLC lifted its stake in shares of Walmart by 20.2% in the 1st quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock valued at $8,344,000 after acquiring an additional 11,283 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Walmart in the 2nd quarter valued at about $7,455,131,000. HORAN Wealth LLC boosted its holdings in Walmart by 55.7% during the 1st quarter. HORAN Wealth LLC now owns 81,544 shares of the retailer’s stock valued at $9,931,000 after acquiring an additional 29,184 shares during the period. Finally, Park National Corp OH boosted its holdings in Walmart by 282.9% during the 3rd quarter. Park National Corp OH now owns 119,865 shares of the retailer’s stock valued at $12,456,000 after acquiring an additional 88,562 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WMT shares. BMO Capital Markets restated an “outperform” rating and set a $126.00 price target on shares of Walmart in a research report on Friday, August 21st. Oppenheimer reiterated a “market perform” rating on shares of Walmart in a research report on Tuesday, August 25th. Freedom Broker raised Walmart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Tigress Financial reissued a “buy” rating and set a $155.00 price objective on shares of Walmart in a research note on Monday, August 31st. Finally, KeyCorp restated an “overweight” rating on shares of Walmart in a report on Thursday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $132.41.

Check Out Our Latest Research Report on WMT

Key Walmart News

Here are the key news stories impacting Walmart this week:

Positive Sentiment: ETF demand provided support: Walmart recorded approximately $36.2 million in net ETF buying, indicating institutional demand. This follows a prior report that ETFs were net sellers, suggesting flows have been mixed but recently improved. Walmart Sees $36.2 Million in Net ETF Buying
Positive Sentiment: Healthcare expansion could create a new growth channel: Walmart broadened its Better Care Services platform into a healthcare marketplace that connects customers with third-party providers through its stores and digital channels. The strategy could increase customer engagement and diversify revenue over time. Walmart Launched a Healthcare Services Marketplace
Positive Sentiment: Value messaging remains a competitive advantage: Walmart lowered the price of its holiday meal basket by $5, reinforcing its affordability strategy and potentially helping it attract budget-conscious shoppers during the important holiday season. Walmart Lowers Holiday Meal Basket by $5
Neutral Sentiment: Investor debate centers on valuation: Walmart trades at a much higher earnings multiple than Target, Tesco and some other retail alternatives. Analysts note Walmart’s scale and digital ecosystem, but also point to slowing comparable-sales growth and a premium valuation.
Negative Sentiment: FTC scrutiny creates regulatory risk: The Federal Trade Commission ordered Walmart to provide information about using consumer data to personalize prices and wages. The inquiry could lead to additional compliance costs, reputational pressure or future regulation. FTC Demands Data on Personalized Pricing
Negative Sentiment: Competition in digital delivery is intensifying: DoorDash’s planned $17 billion acquisition of Instacart strengthens its ability to compete with Amazon and Walmart in online grocery and delivery, potentially increasing pressure on Walmart’s digital growth and margins. DoorDash Makes Instacart Acquisition

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 3,990 shares of Walmart stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $104.41, for a total value of $416,595.90. Following the sale, the executive vice president directly owned 618,359 shares in the company, valued at approximately $64,562,863.19. This trade represents a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $115.00, for a total value of $575,000.00. Following the transaction, the executive vice president directly owned 110,432 shares in the company, valued at $12,699,680. This trade represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 102,244 shares of company stock worth $11,112,044 over the last three months. 0.09% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of NASDAQ:WMT opened at $121.25 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $109.84 and a 200-day moving average price of $118.37. The company has a market cap of $961.97 billion, a price-to-earnings ratio of 43.77, a price-to-earnings-growth ratio of 4.29 and a beta of 0.58. Walmart Inc. has a 12 month low of $98.88 and a 12 month high of $135.15.

Walmart (NASDAQ:WMT – Get Free Report) last posted its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. Walmart’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.88 EPS for the current year.

Walmart Company Profile

(Free Report)

Walmart Inc (NASDAQ:WMT) operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.

The company organizes its operations into Walmart U.S., Walmart International and Sam’s Club U.S. Walmart U.S.