Walmart (NYSE:WMT) PT Raised to $77.00

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

WMT has been the subject of several other research reports. The Goldman Sachs Group increased their target price on shares of Walmart from $64.33 to $73.00 and gave the stock a buy rating in a research note on Friday, May 17th. Royal Bank of Canada upped their price target on Walmart from $62.00 to $70.00 and gave the stock an outperform rating in a research note on Friday, May 17th. KeyCorp lifted their price objective on Walmart from $63.00 to $75.00 and gave the company an overweight rating in a research note on Friday, May 17th. UBS Group boosted their price objective on Walmart from $63.00 to $69.00 and gave the company a buy rating in a report on Tuesday, May 7th. Finally, TD Cowen raised their target price on Walmart from $68.00 to $75.00 and gave the company a buy rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, Walmart has an average rating of Moderate Buy and an average target price of $70.41.

Walmart Stock Performance

Walmart stock opened at $67.48 on Monday. The firm has a 50 day simple moving average of $64.07 and a 200-day simple moving average of $59.41. The stock has a market cap of $542.78 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart has a 1-year low of $49.85 and a 1-year high of $69.04.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s quarterly 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. On average, analysts expect that Walmart will post 2.42 EPS for the current year.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total transaction of $895,125.00. Following the transaction, the executive vice president now owns 645,540 shares in the company, valued at approximately $44,025,828. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.20, for a total transaction of $895,125.00. Following the completion of the sale, the executive vice president now owns 645,540 shares in the company, valued at approximately $44,025,828. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. In the last three months, insiders sold 14,499,762 shares of company stock valued at $951,294,838. Insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several large investors have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter worth $25,000. Northwest Capital Management Inc increased its position in 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 purchasing an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors 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.