TLDR
- The Walton Family Holdings Trust sold ~$220M of WMT stock on February 26–27, its second large sale of 2026.
- Combined with a prior sale, the trust has offloaded close to $380M worth of stock in just days.
- Walmart beat Q4 FY26 earnings (EPS $0.74 vs. $0.73 est.) and revenue ($190.66B vs. $188.37B est.), but guidance disappointed.
- WMT stock carries a Negative Insider Confidence Signal on TipRanks, with $513.8M in insider sales over three months.
- Despite the selling, analysts maintain a “Moderate Buy” consensus with an average price target of $134.42.
The Walton Family Holdings Trust offloaded around $220 million worth of Walmart stock on February 26 and 27. The trust sold 1,723,236 shares in multiple tranches at weighted average prices between $127.12 and $128.06 per share.
This was the second large sale from the trust in 2026. Between February 23 and 25, it had already sold $159.83 million worth of stock. That puts the total for the five-day stretch at close to $380 million.
The trust is still the largest shareholder in Walmart. After the latest sale, it holds 522,580,949 common shares, worth roughly $66.86 billion at Friday’s closing price of $127.95.
The reason for the sales hasn’t been disclosed. Insiders can sell for a variety of reasons — personal finances, estate planning, or portfolio rebalancing — so the move doesn’t necessarily signal a view on the stock.
CEO C. Douglas McMillon also sold 19,416 shares in December at $111.83, totalling around $2.17 million. EVP Christopher Nicholas sold 34,082 shares on February 20 at $122.00, a transaction worth $4.16 million. In total, insiders sold 261,903 shares worth roughly $31.8 million in the past 90 days.
Recent Earnings and Guidance
Walmart reported Q4 FY26 results on February 19. EPS came in at $0.74, one cent ahead of the $0.73 consensus. Revenue hit $190.66 billion, clearing the $188.37 billion estimate by a comfortable margin. That’s 5.6% revenue growth year over year.
For FY2027, management guided EPS of $2.75 to $2.85. Q1 2027 guidance was set at $0.61 EPS. Analysts had hoped for a stronger outlook, and the stock dipped in reaction to the numbers.
WMT opened at $127.95 on Friday, up 2.8% on the day. The 50-day moving average sits at $120.44, and the 200-day at $110.12. Over the past year, the stock is up 31%.
Legal Overhang
Walmart agreed to a roughly $100 million settlement over claims related to its Spark driver program. The settlement includes $16 million paid directly to drivers over allegations the company misled them on pay and tips. The FTC was involved in the case.
Analyst Views
Despite the insider activity, Wall Street remains broadly constructive. The average price target across analysts tracked by MarketBeat sits at $134.42, implying around 5% upside from current levels. Bank of America recently initiated coverage with a Buy and a $150 target.
Finemark National Bank & Trust trimmed its WMT position by 6.7% in Q3, selling 10,981 shares. On the other side, Norges Bank initiated a new position worth approximately $5.37 billion in Q2.
WMT stock has a market cap of approximately $1.02 trillion and a P/E ratio of 46.70.
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