WALMART INC.
In the published model solve dated 2026-Q2, anchored at $103.08, WALMART INC. (WMT) is priced for +16.7% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed August 7, 2026 from SEC EDGAR filings.
• The growth in this business no longer comes from the shelves: in the quarter ended April 30, 2026, eCommerce net sales rose ⟦$8.5 billion or 26%⟧ and membership and other income rose 27.0% on ⟦17.4% growth in membership fee revenue⟧, while the gross profit rate improved on ⟦growth in higher margin businesses, including advertising⟧ [Source: FY2027 Q1 Form 10-Q, filed May 29, 2026]. • The specific risk is that operating profit is not keeping up with the store: operating income as a percentage
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4,325 institutional managers reported holding WMT in 13F filings for the quarter ended 2026-03-31. Together they hold about 33% of the company; the top 10 hold 17%. 195 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 83.6M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WMT has cut its share count 5.1% over the past five years, spending $34.34B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 17 years straight; the current rate is $0.94 a share annually. Cash returned over the past three years: $20.77B in dividends and $16.75B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at WMT over the trailing three years: 2024: 1 buy totaling $500k. 27 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WMT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-09-02 | +0.4% | +1.9% |
| 2023-12-01 | -8.5% | +9.8% |
| 2024-03-16 | -1.6% | +6.5% |
| 2024-06-08 | -1.9% | +3.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WMT's latest 8-K filings: 2026-08-20 (items 2.02, 9.01); 2026-06-05 (items 5.03, 5.07, 9.01); 2026-05-21 (items 2.02, 9.01); 2026-04-30 (items 8.01, 9.01); 2026-03-27 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.