Walmart (NYSE:WMT) Issues Q3 2026 Earnings Guidance

Walmart (NYSE:WMT) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.580-0.600 for the period, compared to the consensus EPS estimate of 0.569. The company issued revenue guidance of $175.9 billion-$177.6 billion, compared to the consensus revenue estimate of $176.3 billion. Walmart also updated its FY 2026 guidance to 2.520-2.620 EPS.

Analyst Ratings Changes

A number of research firms have recently commented on WMT. KeyCorp increased their target price on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, June 9th. Guggenheim reiterated a “buy” rating and issued a $115.00 target price (up previously from $112.00) on shares of Walmart in a research note on Monday. Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Finally, Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $109.89.

Walmart Trading Up 1.1%

Shares of WMT stock opened at $102.3860 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart has a 1-year low of $74.59 and a 1-year high of $105.30. The company has a market cap of $817.08 billion, a price-to-earnings ratio of 43.75, a PEG ratio of 4.86 and a beta of 0.66. The stock has a 50 day simple moving average of $97.88 and a 200-day simple moving average of $95.67.

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a $0.235 dividend. This represents a yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart’s dividend payout ratio is presently 40.17%.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the transaction, the chief executive officer owned 4,412,398 shares of the company’s stock, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the sale, the executive vice president directly owned 626,118 shares in the company, valued at $61,547,399.40. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,841 shares of company stock worth $8,161,365. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its stake in Walmart by 95.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,050,053 shares of the retailer’s stock worth $396,018,000 after buying an additional 1,982,295 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of Walmart by 1,991.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,549,719 shares of the retailer’s stock valued at $249,312,000 after buying an additional 2,427,834 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Walmart by 0.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,115,678 shares of the retailer’s stock valued at $109,091,000 after buying an additional 2,958 shares during the period. MML Investors Services LLC raised its holdings in Walmart by 4.2% during the second quarter. MML Investors Services LLC now owns 1,092,319 shares of the retailer’s stock worth $106,807,000 after purchasing an additional 44,525 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Walmart by 3.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 637,319 shares of the retailer’s stock worth $62,317,000 after purchasing an additional 20,971 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.