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

Walmart (NYSE:WMT) had its target price raised by Deutsche Bank Aktiengesellschaft from $71.00 to $77.00 in a research report report published on Monday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the retailer’s stock.

Several other equities analysts have also commented on the stock. KeyCorp increased their price target on shares of Walmart from $63.00 to $75.00 and gave the company an overweight rating in a research note on Friday, May 17th. JPMorgan Chase & Co. upgraded shares of Walmart from a neutral rating to an overweight rating and increased their price target for the company from $66.00 to $81.00 in a research note on Monday, June 10th. Oppenheimer increased their price target on shares of Walmart from $69.00 to $75.00 and gave the company an outperform rating in a research note on Thursday, June 6th. Roth Mkm increased their price target on shares of Walmart from $69.00 to $71.00 and gave the company a buy rating in a research note on Friday, May 17th. Finally, Truist Financial raised their target price on shares of Walmart from $60.00 to $64.00 and gave the stock a hold rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of Moderate Buy and an average target price of $70.47.

Walmart Stock Up 0.2 %

Shares of NYSE:WMT opened at $68.24 on Monday. The firm’s 50 day moving average price is $64.57 and its 200 day moving average price is $59.71. The stock has a market cap of $548.89 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. As a group, equities research analysts predict that Walmart will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction on Monday, July 1st. The stock was 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 of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in Walmart by 13.5% in the 3rd quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock valued at $11,731,000 after buying an additional 8,747 shares during the period. Alps Advisors Inc. grew its holdings in Walmart by 39.3% in the 3rd quarter. Alps Advisors Inc. now owns 47,367 shares of the retailer’s stock valued at $7,575,000 after buying an additional 13,357 shares during the period. Evergreen Capital Management LLC grew its holdings in Walmart by 1.0% in the 3rd quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer’s stock valued at $2,044,000 after buying an additional 128 shares during the period. Legacy Advisors LLC grew its holdings in Walmart by 30.7% in the 3rd quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer’s stock valued at $345,000 after buying an additional 506 shares during the period. Finally, LaSalle St. Investment Advisors LLC grew its holdings in Walmart by 4.4% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,823 shares of the retailer’s stock valued at $291,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Company Profile

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.