CIBC Asset Management Inc Increases Stock Position in Walmart Inc. $WMT

CIBC Asset Management Inc increased its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 0.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 820,277 shares of the retailer’s stock after buying an additional 5,434 shares during the period. CIBC Asset Management Inc’s holdings in Walmart were worth $84,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Walmart in the 2nd quarter worth approximately $5,367,770,000. Laurel Wealth Advisors LLC boosted its holdings in Walmart by 9,648.7% in the second quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock worth $1,123,138,000 after acquiring an additional 11,368,549 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after acquiring an additional 5,856,468 shares during the last quarter. Amundi increased its holdings in shares of Walmart by 23.5% during the second quarter. Amundi now owns 19,493,644 shares of the retailer’s stock valued at $1,902,775,000 after acquiring an additional 3,710,506 shares in the last quarter. Finally, AGF Management Ltd. raised its position in shares of Walmart by 1,176.6% in the 2nd quarter. AGF Management Ltd. now owns 3,317,487 shares of the retailer’s stock worth $324,384,000 after purchasing an additional 3,057,612 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.1%

WMT opened at $117.73 on Friday. The stock has a 50-day moving average of $113.07 and a 200 day moving average of $105.26. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $121.62. The firm has a market cap of $938.33 billion, a P/E ratio of 41.16, a P/E/G ratio of 5.02 and a beta of 0.66.

Walmart (NASDAQ:WMT) last announced its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $179.50 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. Tigress Financial raised their price objective on shares of Walmart from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp restated an “overweight” rating and set a $128.00 price objective on shares of Walmart in a research report on Wednesday, January 7th. Piper Sandler reissued an “overweight” rating and issued a $123.00 target price (up from $111.00) on shares of Walmart in a research report on Friday, November 21st. Sanford C. Bernstein restated an “outperform” rating and set a $129.00 target price (up from $122.00) on shares of Walmart in a research report on Monday, January 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $125.00 price target (up previously from $115.00) on shares of Walmart in a report on Thursday, January 8th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.20.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $114.91, for a total transaction of $1,508,193.75. Following the transaction, the executive vice president directly owned 733,841 shares in the company, valued at $84,325,669.31. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel Danker sold 4,365 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $120.19, for a total value of $524,629.35. Following the transaction, the executive vice president owned 238,583 shares in the company, valued at approximately $28,675,290.77. This represents a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 135,215 shares of company stock worth $15,304,608. 0.10% of the stock is owned by company insiders.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Tigress Financial raised its price target on WMT from $130 to $135 and kept a “buy” rating, implying roughly a mid-teens upside vs. current levels — a catalyst that can attract momentum and fund flows. Tigress price target raise
• Neutral Sentiment: Coverage pieces from Zacks highlight WMT as a growth/retail pick and promote using their Earnings ESP tool to find potential upside ahead of quarters — these pieces can bolster investor interest but are promotional rather than firm-moving. Zacks Earnings ESP article
• Neutral Sentiment: Another Zacks piece profiles Walmart as a “strong growth stock” using its style scores — supportive for longer-term investor narratives but unlikely to move the stock materially on its own. Zacks growth profile
• Neutral Sentiment: A Yahoo video piece outlines three priorities for Walmart’s CEO to maintain momentum — useful context on management focus that may shape execution expectations but not an immediate market mover. Yahoo CEO priorities video
• Negative Sentiment: CEO C. Douglas McMillon sold 19,416 shares for about $2.31M (reported 1/22). The sale reduced his stake by ~0.45% — a modest ownership decline but an optics negative that can weigh on sentiment when combined with near-term weakness. SEC Form 4: McMillon sale
• Negative Sentiment: Market reports note recent short-term share weakness (a daily slide reported on 1/22). That intraday/short-term weakness can amplify selling even as fundamentals remain intact. Zacks: stock slides

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.