iA Global Asset Management Inc. Decreases Stock Position in Walmart Inc. $WMT

Key Points

• iA Global Asset Management reduced its Walmart stake by 8.6% in the fourth quarter, selling 31,476 shares and ending with 333,939 shares valued at about $37.2 million.
• Walmart reported better-than-expected quarterly results, with EPS of $0.74 and revenue of $190.66 billion, both slightly ahead of analyst estimates. Revenue also rose 5.6% year over year.
• Despite some insider selling and a small drop in the stock, Wall Street remains broadly bullish on Walmart, with a consensus Buy rating and a price target of $138.88, while several firms recently raised their targets.

iA Global Asset Management Inc. cut its holdings in Walmart Inc. (NASDAQ:WMT - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 333,939 shares of the retailer's stock after selling 31,476 shares during the quarter. iA Global Asset Management Inc.'s holdings in Walmart were worth $37,204,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of Walmart in the third quarter valued at about $1,709,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Walmart by 16.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 63,782 shares of the retailer's stock valued at $6,567,000 after purchasing an additional 9,061 shares during the period. Van ECK Associates Corp increased its holdings in shares of Walmart by 2.9% in the third quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer's stock valued at $104,182,000 after purchasing an additional 28,026 shares during the period. Tennessee Valley Asset Management Partners increased its holdings in shares of Walmart by 466.6% in the third quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer's stock valued at $1,375,000 after purchasing an additional 10,988 shares during the period. Finally, Tradewinds LLC. acquired a new position in shares of Walmart in the third quarter valued at about $11,077,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Down 0.8%

Walmart stock opened at $131.45 on Friday. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 4.89 and a beta of 0.65. Walmart Inc. has a 52 week low of $93.43 and a 52 week high of $134.69. The business's 50-day moving average price is $126.37 and its 200 day moving average price is $119.15. The company has a quick ratio of 0.24, a current ratio of 0.79 and a debt-to-equity ratio of 0.38.

Walmart (NASDAQ:WMT - Get Free Report) last posted its earnings results on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $190.66 billion for the quarter, compared to analyst estimates of $188.37 billion. Walmart had a return on equity of 21.44% and a net margin of 3.07%.Walmart's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be issued a $0.2475 dividend. This represents a $0.99 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 11th. Walmart's dividend payout ratio (DPR) is presently 36.13%.

Insider Buying and Selling

In other Walmart news, CEO John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $124.84, for a total value of $1,638,525.00. Following the sale, the chief executive officer directly owned 674,162 shares of the company's stock, valued at approximately $84,162,384.08. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 4,193,995 shares in the company, valued at approximately $554,488,078.95. The trade was a 0.46% 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 sold 167,195 shares of company stock valued at $20,975,804 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Trending Headlines about Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: UBS and other analysts expect Walmart to deliver another strong quarter, helped by resilient grocery demand, e-commerce growth, and advertising momentum, which could support the stock if results meet or exceed expectations.
• Positive Sentiment: Bank of America said Walmart’s consistent sales growth should be rewarded by the market, reinforcing the view that WMT remains a defensive growth name ahead of earnings.
• Positive Sentiment: Recent commentary also highlights Walmart as a long-term growth and momentum stock, with investors continuing to search for the name ahead of the report.
• Neutral Sentiment: Walmart said it will host its first-quarter earnings conference call on May 21, keeping attention focused on upcoming results and guidance rather than any new business update. Walmart To Host First Quarter Earnings Conference Call May 21, 2026
• Negative Sentiment: One bearish analysis argued that expectations may be too high versus Walmart’s own guidance, warning that reported sales growth may not be enough to justify a further move higher and that investors may want to trim positions.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WMT shares. Wells Fargo & Company reissued an "overweight" rating and issued a $140.00 price objective (up from $130.00) on shares of Walmart in a report on Tuesday, February 10th. UBS Group reissued a "buy" rating and issued a $147.00 price objective (up from $135.00) on shares of Walmart in a report on Friday, February 20th. Piper Sandler reaffirmed an "overweight" rating and set a $137.00 target price (up from $130.00) on shares of Walmart in a report on Friday. Roth Mkm reaffirmed a "buy" rating and set a $138.00 target price on shares of Walmart in a report on Friday, February 20th. Finally, Mizuho raised their target price on Walmart from $125.00 to $137.00 and gave the stock an "outperform" rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $138.88.

Walmart Company Profile

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.

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