Deutsche Bank Aktiengesellschaft Raises Walmart (NYSE:WMT) Price Target to $77.00

Walmart (NYSE:WMT) had its target price lifted by research analysts at Deutsche Bank Aktiengesellschaft from $71.00 to $77.00 in a report issued on Monday, Marketbeat.com reports. The firm presently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 13.12% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Citigroup upped their target price on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. DA Davidson raised their target price on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. KeyCorp lifted their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Telsey Advisory Group upped their price target on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Finally, Jefferies Financial Group raised their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $70.47.

Walmart Stock Performance

Shares of WMT opened at $68.07 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The firm’s 50 day moving average is $64.22 and its 200-day moving average is $59.53. Walmart has a 12-month low of $49.85 and a 12-month high of $69.04. The stock has a market capitalization of $547.52 billion, a P/E ratio of 29.13, a P/E/G ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Walmart will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is currently owned by insiders.

Institutional Trading of Walmart

Several institutional investors have recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth $25,000. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter valued at about $30,000. Able Wealth Management LLC bought a new stake in Walmart in the fourth quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Walmart during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.