Walmart slides as investors focus on softer near-term outlook despite solid Q1 results

Walmart (WMT) is down 7.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Walmart’s outlook commentary: while quarterly results were solid, management issued a forecast for the current quarter that disappointed investors amid elevated macro uncertainty. The selloff may also reflect profit-taking after a strong run, with the market reacting more to forward margins and expense pressures than to the headline revenue growth.

Details:

Walmart posted Q1 FY27 performance that included continued strength in U.S. eCommerce, advertising, and membership-related income, signaling ongoing share gains and digital momentum.

Management’s forecast for the current quarter was weaker than Wall Street expectations, which can outweigh a backward-looking earnings beat when valuation is elevated.

Expense and margin headwinds were highlighted, including higher depreciation tied to capital investment and higher U.S. healthcare costs; Walmart also cited a pharmacy-related pricing headwind in its U.S. results materials.

This could also be amplified by positioning: with Walmart often treated as a defensive “safe haven,” any hint of slowing momentum or cautious guidance can trigger an outsized re-rating on the day.

Sources:

Walmart Investor Relations, U.S. Securities and Exchange Commission, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WMT Insider Trading Activity

$WMT insiders have traded $WMT stock on the open market 67 times in the past 6 months. Of those trades, 0 have been purchases and 67 have been sales.

Here’s a breakdown of recent trading of $WMT stock by insiders over the last 6 months:

FAMILY HOLDINGS TRUST WALTON has made 0 purchases and 26 sales selling 15,394,744 shares for an estimated $1,833,170,299.
C DOUGLAS MCMILLON has made 0 purchases and 6 sales selling 116,496 shares for an estimated $14,030,807.
DONNA MORRIS (Executive Vice President) has made 0 purchases and 2 sales selling 85,565 shares for an estimated $10,558,308.
JOHN R. FURNER (President & CEO) has made 0 purchases and 11 sales selling 78,750 shares for an estimated $9,391,703.
JOHN D RAINEY (Executive Vice President) has made 0 purchases and 9 sales selling 42,200 shares for an estimated $5,245,773.
CHRISTOPHER JAMES NICHOLAS (Executive Vice President) has made 0 purchases and 3 sales selling 36,982 shares for an estimated $4,519,699.
LATRIECE WATKINS (Executive Vice President) sold 10,000 shares for an estimated $1,214,630
DANIEL J BARTLETT (Executive Vice President) has made 0 purchases and 6 sales selling 7,978 shares for an estimated $1,001,384.
DAVID CHOJNOWSKI (Senior Vice President) sold 7,000 shares for an estimated $746,550
DANIEL DANKER (Executive Vice President) sold 4,365 shares for an estimated $524,629
KATHRYN J. MCLAY (Executive Vice President) sold 4,000 shares for an estimated $460,840

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$WMT Hedge Fund Activity

We have seen 1,929 institutional investors add shares of $WMT stock to their portfolio, and 2,153 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MILLENNIUM MANAGEMENT LLC removed 39,823,763 shares (-97.7%) from their portfolio in Q1 2026, for an estimated $4,933,168,641
QUBE RESEARCH & TECHNOLOGIES LTD removed 11,009,092 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,363,751,271
JANE STREET GROUP, LLC removed 10,541,595 shares (-97.3%) from their portfolio in Q1 2026, for an estimated $1,305,840,080
BARCLAYS PLC added 9,534,948 shares (+135.0%) to their portfolio in Q1 2026, for an estimated $1,181,141,683
FRANKLIN RESOURCES INC removed 9,269,001 shares (-25.2%) from their portfolio in Q1 2026, for an estimated $1,148,197,498
FMR LLC removed 7,789,806 shares (-19.7%) from their portfolio in Q1 2026, for an estimated $964,962,218
MARSHALL WACE, LLP removed 6,771,429 shares (-76.2%) from their portfolio in Q1 2026, for an estimated $838,810,767

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WMT Congressional Stock Trading

Members of Congress have traded $WMT stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $WMT stock by members of Congress over the last 6 months:

REPRESENTATIVE JOHN MCGUIRE sold up to $15,000 on 01/20.
REPRESENTATIVE JONATHAN L. JACKSON purchased up to $100,000 on 01/13.
REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 12/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$WMT Analyst Ratings

Wall Street analysts have issued reports on $WMT in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 05/07/2026
BTIG issued a "Buy" rating on 05/06/2026
Telsey Advisory Group issued a "Outperform" rating on 01/16/2026
Morgan Stanley issued a "Overweight" rating on 01/15/2026
Oppenheimer issued a "Outperform" rating on 01/08/2026
Barclays issued a "Overweight" rating on 01/08/2026
Evercore ISI Group issued a "Outperform" rating on 12/16/2025

To track analyst ratings and price targets for $WMT, check out Quiver Quantitative's $WMT forecast page.

$WMT Price Targets

Multiple analysts have issued price targets for $WMT recently. We have seen 22 analysts offer price targets for $WMT in the last 6 months, with a median target of $140.0.

Here are some recent targets:

Peter Keith from Piper Sandler set a target price of $137.0 on 05/15/2026
Spencer Hanus from Wolfe Research set a target price of $137.0 on 05/11/2026
Oliver Chen from TD Cowen set a target price of $150.0 on 05/07/2026
Robert Drbul from BTIG set a target price of $145.0 on 05/06/2026
Simeon Gutman from Morgan Stanley set a target price of $140.0 on 04/22/2026
John Heinbockel from Guggenheim set a target price of $137.0 on 04/13/2026
Ivan Feinseth from Tigress Financial set a target price of $150.0 on 02/25/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.