Tigress Boosts Walmart Price Target to $135, CEO Sells $2.3M Stock
Tigress Financial raised its price target on Walmart from $130 to $135 and maintained a buy rating, implying roughly mid-teens upside. CEO C. Douglas McMillon sold 19,416 shares for $2.31M, trimming his stake by about 0.45%, while CIBC Asset Management added 5,434 shares to bring its position to 820,277 shares worth $84.5M.
1. Institutional Investors Increase Stakes
CIBC Asset Management Inc. modestly grew its position in Walmart by 0.7% during the third quarter, acquiring an additional 5,434 shares to bring its total holding to 820,277 shares, valued at approximately $84.5 million at period end. Several other firms also adjusted their stakes: Revolve Wealth Partners LLC added 96 shares (now 9,926 shares), Atlas Legacy Advisors LLC increased by 98 shares (totaling 8,707), Meridian Wealth Partners LLC bought 99 shares (4,804 total), Hemington Wealth Management added 99 shares (5,695 total), and Boomfish Wealth Group LLC increased by 99 shares (3,701 total). Combined, hedge funds and institutional investors now own 26.76% of Walmart’s outstanding shares.
2. Quarterly Results and FY2026 Outlook
In its latest quarter, Walmart reported earnings per share of $0.62, exceeding consensus estimates by $0.02, on revenue of $179.5 billion—up 5.8% year-over-year and beating forecasts by $4.35 billion. The retailer achieved a net margin of 3.26% and return on equity of 21.31%. Management set full-year EPS guidance in a range of 2.580–2.630, in line with analysts’ average expectation of 2.55 EPS, reflecting confidence in stable operating leverage despite ongoing investments in e-commerce and supply chain capabilities.
3. Analyst Ratings and Sentiment
A total of 34 brokerages cover Walmart, with 32 issuing Buy or Overweight opinions and 2 maintaining Hold. Recent activity includes BTIG Research reaffirming a Buy rating with an upgraded target, KeyCorp reiterating an Overweight stance, Deutsche Bank moving to Hold, Piper Sandler raising its objective, and DA Davidson assigning a Buy. This consensus supports a Moderate Buy view. Sentiment drivers include a price target increase by Tigress Financial implying mid-teens upside, neutral coverage pieces from Zacks highlighting growth potential, and a Yahoo video outlining strategic priorities for CEO Taylor. Offsetting these positives are insider sales—CEO and executives collectively divested roughly 135,000 shares valued at over $15 million in the last three months—and reports of short-term share weakness that could pressure near-term sentiment.