Walmart’s NYC Online Sales Double in Manhattan, Rise 90–120% in Other Boroughs

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Walmart’s e-commerce sales in New York City doubled in Manhattan over five years and rose 90%–120% in the Bronx, Brooklyn and Queens, with a 44% increase in Staten Island. Site visits from NYC users grew by double digits year-over-year, and Walmart app openings in downstate New York increased 7.1%.

1. Institutional Ownership Rises

In the most recent quarter, Burney Co. increased its Walmart stake by 22.0%, acquiring an additional 33,432 shares to total 185,330 shares valued at approximately 19.1 million dollars. Other institutional investors also raised positions: Revolve Wealth Partners by 1.0% to 9,926 shares, Atlas Legacy Advisors by 1.1% to 8,707 shares, Meridian Wealth Partners by 2.1% to 4,804 shares, Hickory Point Bank & Trust by 1.3% to 7,706 shares, and CogentBlue Wealth Advisors by 2.9% to 3,594 shares. Overall, roughly 26.8% of Walmart shares are held by institutional investors and hedge funds, highlighting continued confidence from large holders.

2. E-Commerce Growth in New York City

Walmart’s online sales in New York City have surged across all five boroughs over the past five years, doubling in Manhattan and rising 90%–120% in the Bronx, Brooklyn and Queens. Staten Island e-commerce grew by 44%. Data from SimilarWeb shows double-digit year-over-year monthly growth in Walmart.com visits by New York users, while app opens in downstate New York are 7.1% higher than a year ago. These trends underscore Walmart’s ability to capture urban online grocery and general merchandise demand despite barriers to physical store expansion.

3. Dividend Reliability and Financial Resilience

Walmart has increased its dividend for 52 consecutive years, earning Dividend King status and demonstrating robust cash flow generation. In its latest quarter, the company reported a net margin of 3.26% and a return on equity of 21.31%. Annual revenue grew 5.8% year-over-year to 179.5 billion dollars, while free cash flow turned positive at 788 million dollars after a prior-year outflow. With a debt-to-equity ratio of 0.39 and a gross margin above 23%, Walmart’s defensive positioning and consistent cash generation support both its dividend and ongoing investments in e-commerce and supply-chain automation.

Sources

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