In the third quarter, CIBC Asset Management increased its position in Walmart by 0.7%, adding 5,434 shares to reach a total holding of 820,277 shares valued at approximately $84.5 million. This move underscores growing conviction among institutional investors, joining Revolve Wealth Partners (up 1.0% to 9,926 shares), Atlas Legacy Advisors (up 1.1% to 8,707 shares), Meridian Wealth Partners (up 2.1% to 4,804 shares), Hemington Wealth Management (up 1.8% to 5,695 shares) and Boomfish Wealth Group (up 2.7% to 3,701 shares). Collectively, hedge funds and other institutions now own 26.76% of the company’s shares, reflecting broad-based confidence in Walmart’s long-term growth trajectory.

For the quarter ended November 20, Walmart reported adjusted EPS of $0.62, beating consensus estimates by $0.02, while revenues rose 5.8% year-over-year to $179.5 billion, topping analyst forecasts of $175.2 billion. The retailer maintained a net margin of 3.26% and a return on equity of 21.31%. Management issued full-year EPS guidance in the range of $2.58–$2.63, against an average analyst forecast of $2.55, indicating confidence in continued profit expansion driven by operational efficiencies and resilient consumer demand.

Over the past three months, 32 brokerage firms have maintained buy ratings on Walmart, with two assigning hold ratings. Recent upgrades include Tigress Financial, which raised its target to $135, implying mid-teens upside, and Piper Sandler, which lifted its price objective from $111 to $123. Conversely, Deutsche Bank lowered its stance from buy to hold with a $119 target. The consensus price objective across 34 analysts stands at $123.20, reflecting a broadly constructive view on the company’s valuation and growth prospects.

During January, CEO C. Douglas McMillon sold 19,416 shares for proceeds of $2.31 million, reducing his stake by approximately 0.45%. Executive vice presidents Daniel Danker and Donna Morris each sold several thousand shares at an average price of $120.19, representing decreases of 1.80% and 1.72% in their respective holdings. Aggregate insider sales over the past three months totaled 135,215 shares valued at $15.3 million, a pattern that may temper sentiment despite the underlying strength of Walmart’s fundamentals.