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

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

A number of other institutional investors have also recently bought and sold shares of WMT. Brighton Jones LLC boosted its holdings in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after acquiring an additional 485 shares during the period. Peterson Wealth Management grew its holdings in shares of Walmart by 3.5% in the 1st quarter. Peterson Wealth Management now owns 50,307 shares of the retailer’s stock worth $4,416,000 after purchasing an additional 1,715 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Walmart by 40.5% during the 1st quarter. Jones Financial Companies Lllp now owns 461,806 shares of the retailer’s stock worth $39,419,000 after purchasing an additional 133,134 shares in the last quarter. Finally, Nova Wealth Management Inc. increased its position in shares of Walmart by 93.1% during the 1st quarter. Nova Wealth Management Inc. now owns 585 shares of the retailer’s stock worth $51,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMT. JPMorgan Chase & Co. lifted their price objective on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. UBS Group set a $130.00 target price on Walmart in a research report on Wednesday, December 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $125.00 price target (up previously from $115.00) on shares of Walmart in a report on Friday, November 21st. Oppenheimer reiterated an “outperform” rating and set a $125.00 price target (up previously from $115.00) on shares of Walmart in a research report on Thursday. Finally, BTIG Research restated a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Walmart in a report on Friday, November 21st. Thirty-two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.37.

Trending Headlines about Walmart

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.

Walmart Stock Up 1.3%

NASDAQ:WMT opened at $114.53 on Friday. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $117.45. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The stock has a market cap of $912.82 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 5.22 and a beta of 0.66. The stock has a 50-day moving average price of $109.73 and a two-hundred day moving average price of $103.73.

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

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $115.21, for a total transaction of $460,840.00. Following the completion of the transaction, the executive vice president owned 1,031,455 shares in the company, valued at approximately $118,833,930.55. This represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $114.91, for a total value of $1,508,193.75. Following the completion of the sale, the executive vice president directly owned 733,841 shares in the company, valued at $84,325,669.31. This represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,628 shares of company stock valued at $13,690,065 over the last three months. Insiders own 0.10% of the company’s stock.

Walmart Profile

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.