State of Alaska Department of Revenue Has $54.50 Million Holdings in Walmart Inc. $WMT

State of Alaska Department of Revenue boosted its holdings in Walmart Inc. (NASDAQ:WMT) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 528,831 shares of the retailer’s stock after purchasing an additional 16,989 shares during the period. Walmart comprises about 0.6% of State of Alaska Department of Revenue’s portfolio, making the stock its 23rd largest holding. State of Alaska Department of Revenue’s holdings in Walmart were worth $54,500,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Access Investment Management LLC acquired a new position in Walmart during the second quarter valued at approximately $26,000. PFS Partners LLC increased its position in shares of Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after purchasing an additional 233 shares during the last quarter. Ridgewood Investments LLC raised its stake in shares of Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 2nd quarter valued at approximately $44,000. Finally, Harbor Asset Planning Inc. bought a new position in shares of Walmart in the second quarter valued at $46,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Barclays reiterated its Buy rating on WMT, reinforcing institutional confidence in Walmart’s outlook and supporting demand for the stock. Read More.
• Positive Sentiment: Mizuho raised its price target to $125 (from $115) and kept an Outperform/Overweight view, signaling upward analyst momentum that can boost buying interest. Read More.
• Positive Sentiment: Wells Fargo also lifted its target to $130 and remains constructive on Walmart, adding to the analyst support narrative behind the rally. Read More.
• Positive Sentiment: Walmart launched “Better Care Services,” a digital healthcare platform and lowered prices on some health items — a strategic push that could expand margins and services revenue over time. Analysts are re-assessing valuation with this new health push in mind. Read More.
• Positive Sentiment: Walmart added Shishir Mehrotra (ex-Grammarly/Superhuman) to its board — a governance move emphasizing AI and e‑commerce expertise that investors view as strengthening Walmart’s tech roadmap. Read More.
• Neutral Sentiment: Walmart launched a celebrity fashion line (Millie Bobby Brown) aimed at teens and young women — a branding/merchandising boost but likely modest near-term financial impact. Read More.
• Neutral Sentiment: Market coverage notes (Zacks, Kalkine, AmericanBankingNews) show elevated investor attention and a consensus “moderate buy,” which keeps the stock in focus but doesn’t single-handedly move fundamentals. Read More.
• Negative Sentiment: Amazon received approval to build a 225,000 sq ft Walmart-style supercenter near Chicago that would blend in-store shopping with fulfillment — a clear competitive threat to Walmart’s grocery and omnichannel footprint in key markets. Read More.
• Negative Sentiment: Deutsche Bank downgraded Walmart from Buy to Hold with a $119 target, signaling some analyst caution (limits upside relative to recent price moves) and adding selling pressure for more risk‑sensitive investors. Read More.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $111.83, for a total value of $2,171,291.28. Following the completion of the sale, the chief executive officer owned 4,315,333 shares of the company’s stock, valued at $482,583,689.39. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $111.23, for a total transaction of $244,706.00. Following the transaction, the executive vice president owned 617,318 shares in the company, valued at approximately $68,664,281.14. The trade was a 0.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 125,628 shares of company stock valued at $13,690,065. 0.10% of the stock is currently owned by insiders.

Walmart Trading Up 1.3%

Shares of NASDAQ:WMT opened at $114.53 on Friday. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $117.45. The business has a 50 day moving average of $109.73 and a 200-day moving average of $103.73. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39. The stock has a market cap of $912.82 billion, a PE ratio of 40.05, a P/E/G ratio of 5.22 and a beta of 0.66.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. Barclays reaffirmed an “overweight” rating and set a $125.00 price target (up from $108.00) on shares of Walmart in a research report on Thursday. Robert W. Baird upped their target price on shares of Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, November 21st. KeyCorp reiterated an “overweight” rating and set a $128.00 price target on shares of Walmart in a report on Wednesday. Cowen reissued a “buy” rating on shares of Walmart in a research report on Tuesday, December 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $123.00 price objective (up from $111.00) on shares of Walmart in a research report on Friday, November 21st. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.37.

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.