Barings 13F: Adds $2.2M to Walmart (WMT) Stake

Barings boosted its stake in Walmart Inc. WMT by 462.5% during the period, according to a Form 13F filing with the SEC on October 22, 2026. The firm added 21,410 shares to its holdings, bringing its total ownership to 26,039 shares. The investment was valued at approximately $2,705,973 at the time of the report. Prior to this purchase, the fund held 4,629 shares.

WMT Walmart Inc.

$120.48 ▲ +7.52% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Barings's Walmart Inc. Position

The firm significantly grew its investment in the discount store operator, increasing its share count from 4,629 to 26,039 shares. This 462.5% surge added 21,410 shares to Barings's portfolio, reflecting a much larger commitment to the retail giant based on its latest reported figures.

Other Institutional Activity in Walmart Inc.

Other large funds have also adjusted their positions in the retail company. Norden Group grew its holdings by establishing a stake of 234,825 shares, ending with holdings valued at about $13,716,122.

Walmart Inc. Stock Up 2.8%

Walmart shares recently traded around $121.14 as of October 23, 2026, roughly equal to the closing price of $121.12 recorded on the filing date of October 22, 2026. The stock is positioned about 10.9% above its 50-day moving average of $109.24 and roughly 2.4% above its 200-day moving average of $118.35. Shares have traded between a 52-week low of $98.88 and a 52-week high of $135.16, placing the recent price about 10.4% below that peak and 22.5% above the low.

Recent Earnings

Walmart reported trailing twelve-month revenue of $735.84 billion alongside earnings of $2.76 per share. The company maintains a net profit margin of 3.0% and a return on equity of 22.3%. Its next quarterly earnings release is scheduled for November 19, 2026.

Dividend

Walmart pays an annual dividend rate of $0.99 per share, translating to a dividend yield of 0.84%. The payout ratio stands at 35.0% of earnings.

Insider Buying and Selling at Walmart Inc.

Company insiders executed several share sales in recent months. Officer Daniel Danker sold 50,644 shares on August 26, 2026, at an average price of $105.35 for a total of $5,335,345. Officer Daniel J Bartlett disposed of 3,950 shares on September 1, 2026, at $105.14 per share, totaling $415,298. Executive Vice President Latriece Watkins sold 5,000 shares on October 14, 2026, at $115.00 each for $575,000 under a pre-arranged plan. Executive Vice President Christopher James Nicholas also sold 2,900 shares under a pre-arranged plan on October 15, 2026, at an average price of $120.60 for a total of $349,751.

Analysts Set New Price Targets

Wall Street analysts maintain a consensus buy rating on the retail company. On September 10, 2026, DA Davidson maintained a buy rating with a $132 target, while BTIG reiterated a buy rating with a $140 target on the same day. Mizuho maintained an outperform rating while lowering its target from $130 to $125 on September 29, 2026. Deutsche Bank upgraded the stock to a buy and raised its target from $113 to $136 on October 15, 2026. Evercore ISI Group maintained an outperform rating and lifted its target from $125 to $130 on October 20, 2026. Across 40 analyst opinions, the mean price target sits at $127.48.

About Walmart Inc.

Walmart Inc. operates retail and wholesale stores, membership warehouse clubs, and e-commerce platforms around the world. The company serves millions of customers through its extensive network of physical locations and digital apps, organized into segments covering domestic retail, international markets, and wholesale club operations.

Bottom Line

Barings's large addition to its Walmart holding highlights growing institutional interest in the retail bellwether. Investors will look toward the upcoming earnings report on November 19, 2026, for further insight into the company's financial health and operational momentum.