Norden Group 13F: New $14M Stake in Walmart (WMT)
Key Points
- Norden Group reported a new holding of 234,825 shares in Walmart Inc. valued at approximately $13.7 million in its latest SEC filing.
- Walmart trades recently around $117.73, holding below its 52-week high while management prepares for its next earnings release on November 19, 2026.
- Wall Street firms including Evercore ISI and Deutsche Bank adjusted their outlooks on the retail giant, maintaining an overall buy consensus across 40 analyst opinions.
Since the filing, $WMT is down 0.0% to date (from the $117.85 close on Oct 20, 2026).
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Norden Group opened a new position in Walmart Inc. (NYSE: WMT), acquiring 234,825 shares valued at approximately $13.7 million. The investment appeared in a Form 13F filing with the Securities and Exchange Commission on October 20, 2026. Walmart closed at $117.85 on the filing date.
WMT
Walmart Inc.
Norden Group vs. the S&P 500
Hypothetical returns from Norden Group's disclosed trades, not real profit or advice. How we model this.
What Changed in Norden Group's Walmart Position
The fund established a fresh stake in the discount retail giant during the period, starting with zero prior shares and building a position of 234,825 shares. Based on the reported value of $13.7 million, the entry reflects the scale of the new commitment to the Bentonville, Arkansas-based company.
Other Institutional Activity in Walmart
Other large funds shifted their holdings around the same time. Assenagon Asset Management S.A. grew its holdings by 7,489,227 shares, ending with 11,522,667 shares worth about $1.2 billion. Montrusco Bolton Investments grew its holdings by 59,934 shares, ending with 352,732 shares worth about $36.7 million. B. Riley Wealth Advisors grew its holdings by 26,574 shares, ending with 99,656 shares worth about $10.4 million. Godsey & Gibb opened a new position with 26,291 shares worth about $2.7 million. Generate Investment Management sold out entirely, cutting 187,126 shares to leave its position at zero.
Walmart Inc. Stock Down 0.1%
Walmart shares recently traded around $117.73 as of October 22, 2026, which is about equal to the closing price on the filing date. The stock trades above its 50-day moving average of $109.24 and below its 200-day moving average of $118.35. The share price sits below its 52-week high of $135.16 and above its 52-week low of $98.88.
Recent Earnings
Walmart generated trailing twelve-month revenue of $735.84 billion alongside earnings of $2.76 per share. The company reported a net profit margin of 3.0% and a return on equity of 22.3%. Its next quarterly earnings report is scheduled for November 19, 2026.
Dividend
Walmart pays an annual dividend of $0.99 per share with a dividend yield of 0.84% and a payout ratio of 35.0%.
Insider Buying and Selling at Walmart Inc.
Company insiders completed several transactions ahead of the filing. Executive Vice President Christopher James Nicholas sold 2,900 shares on September 17, 2026, at an average price of $106.65 for a total of $309,285.87 under a planned trading program. Executive Vice President Latriece Watkins sold 5,000 shares on October 14, 2026, at $115.00 per share for a total of $575,000 under a planned setup. Christopher James Nicholas sold another 2,900 shares on October 15, 2026, at an average price of $120.60 for a total of $349,751.31. President and CEO John R. Furner sold 13,125 shares on October 15, 2026, at $120.60 per share for a total of $1,582,901.25.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock through recent weeks. On September 10, 2026, DA Davidson maintained a buy rating with a $132 target. BTIG reiterated a buy rating on September 10, 2026, keeping its target at $140. Mizuho maintained an outperform rating on September 29, 2026, lowering its target to $125 from $130. Deutsche Bank upgraded the stock to a buy rating on October 15, 2026, raising its target to $136 from $113. Evercore ISI Group maintained an outperform rating on October 20, 2026, lifting its target to $130 from $125. Overall, Walmart holds a consensus buy rating across 40 analyst opinions with a mean price target of $127.48.
About Walmart
Walmart operates a vast network of retail stores, wholesale clubs, and ecommerce platforms globally. The business serves millions of shoppers through three main divisions covering domestic retail, international stores, and membership warehouse clubs.
Bottom Line
Investors will look to Walmart's upcoming earnings release on November 19, 2026, for further updates on consumer spending trends and retail margins.
Related Filing Alerts
Source: Norden Group's 13F filing on $WMT (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts