Royal Fund Management 13F: Adds $1.6M to Walmart (WMT) Stake

Royal Fund Management boosted its holdings in Walmart Inc. ticker WMT by 17.0% during the third quarter, according to a Form 13F filed with the SEC on October 22, 2026.

WMT Walmart Inc.

$120.48 ▲ +7.52% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Royal Fund Management's Walmart Position

The firm acquired an additional 15,642 shares of the discount store operator, bringing its total ownership to 107,711 shares. The value of the stake reached approximately $11.2 million at the close of the period. Prior to this adjustment, the fund held 92,069 shares.

Other Institutional Activity in Walmart

Other institutional investors also adjusted their positions in the retail giant during the filing window. RMR Wealth Builders grew its holdings by 8,314 shares, ending with 61,330 shares worth about $6.4 million. Norden Group acquired a new position of 234,825 shares valued at roughly $13.7 million. B. Riley Wealth Advisors grew its holdings by 26,574 shares, ending with 99,656 shares worth about $10.4 million. Barings grew its holdings by 21,410 shares, ending with 26,039 shares worth about $2.7 million. Sagespring Wealth Partners trimmed its holdings by 22,157 shares, ending with 162,928 shares worth about $16.9 million.

Walmart Inc. Stock Up 2.8%

Walmart shares recently traded around $121.14, remaining close to the $121.12 close recorded on October 22, 2026. The stock sits above its 50-day moving average of $109.24 and its 200-day moving average of $118.35, while resting below its 52-week high of $135.16.

Recent Earnings

Walmart reported trailing twelve month revenue of $735.8 billion alongside basic earnings of $2.76 per share. The company posted a net profit margin of 3.0% and a return on equity of 22.3%. The next earnings release is scheduled for November 19, 2026.

Dividend

Walmart pays an annual dividend of $0.99 per share, representing a dividend yield of 0.84% based on a dividend payout ratio of 35.0%.

Insider Buying and Selling at Walmart Inc.

Company insiders executed multiple transactions prior to the filing date. Executive Vice President Christopher James Nicholas sold 2,900 shares on September 17, 2026, and another 2,900 shares on October 15, 2026. Executive Vice President Latriece Watkins sold 5,000 shares on October 14, 2026. President and CEO John R. Furner sold 13,125 shares on October 15, 2026. All transactions were executed under pre-arranged Rule 10b5-1 trading plans.

Analysts Set New Price Targets

DA Davidson maintained a Buy rating on the stock with a $132.00 target on September 10, 2026. BTIG reiterated a Buy rating with a $140.00 target on the same day. Mizuho maintained an Outperform rating while adjusting its target from $130.00 to $125.00 on September 29, 2026. Deutsche Bank upgraded the stock to Buy and raised its target from $113.00 to $136.00 on October 15, 2026. Evercore ISI Group maintained an Outperform rating while raising its target from $125.00 to $130.00 on October 20, 2026. The stock carries a consensus buy recommendation from 40 analysts, with a mean price target of $127.48.

About Walmart

Walmart Inc. operates a global network of retail stores, wholesale clubs, discount centers, and ecommerce digital platforms. The business serves millions of customers weekly across its Walmart U.S., Walmart International, and Sam's Club segments, focusing on groceries, everyday essentials, and consumer goods.

Bottom Line

Royal Fund Management's increased allocation reflects ongoing institutional interest in the retail leader. Investors will look toward the upcoming November earnings report for updated operational guidance and sales figures.