Deutsche Bank Aktiengesellschaft Cuts Walmart (NYSE:WMT) Price Target to $142.00

Walmart (NYSE:WMTGet Rating) had its price objective reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $166.00 to $142.00 in a report released on Wednesday, The Fly reports. The firm currently has a “maintains” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 9.44% from the stock’s current price.

Other analysts also recently issued reports about the company. Royal Bank of Canada cut their target price on Walmart from $153.00 to $135.00 and set a “maintains” rating for the company in a research report on Tuesday. BMO Capital Markets dropped their price objective on Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, May 18th. Stephens dropped their price objective on Walmart to $160.00 and set an “underweight” rating for the company in a research report on Thursday, May 19th. Telsey Advisory Group dropped their price objective on Walmart from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Oppenheimer dropped their price objective on Walmart from $165.00 to $135.00 and set a “maintains” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Walmart Stock Up 2.5 %

WMT stock opened at $129.75 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $355.66 billion, a PE ratio of 27.90, a PEG ratio of 3.75 and a beta of 0.52. Walmart has a 1-year low of $117.27 and a 1-year high of $160.77. The business’s 50 day simple moving average is $124.61 and its 200 day simple moving average is $137.64.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The firm had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Walmart will post 6.4 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $122.13, for a total value of $1,185,638.04. Following the completion of the sale, the chief executive officer now owns 1,517,160 shares of the company’s stock, valued at $185,290,750.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 47.06% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WMT. Norges Bank bought a new position in shares of Walmart in the fourth quarter valued at approximately $2,925,852,000. GQG Partners LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $1,507,971,000. Aaron Wealth Advisors LLC lifted its holdings in shares of Walmart by 14,883.3% in the first quarter. Aaron Wealth Advisors LLC now owns 3,224,266 shares of the retailer’s stock valued at $21,651,000 after purchasing an additional 3,202,747 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $220,119,000. Finally, Walker Asset Management LLC lifted its holdings in shares of Walmart by 6,198.0% in the second quarter. Walker Asset Management LLC now owns 1,457,491 shares of the retailer’s stock valued at $201,526,000 after purchasing an additional 1,434,349 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

About Walmart

(Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Read More

The Fly logo

Analyst Recommendations for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.