Walmart (NYSE:WMT) Price Target Raised to $77.00

Walmart (NYSE:WMT - Get Free Report) had its target price increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $71.00 to $77.00 in a research report issued on Monday, Marketbeat reports. The firm currently has a "buy" rating on the retailer's stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 14.11% from the stock's current price.

A number of other brokerages have also recently commented on WMT. Stifel Nicolaus boosted their price target on Walmart from $65.00 to $69.00 and gave the stock a "hold" rating in a research report on Friday, May 17th. Oppenheimer boosted their price target on Walmart from $69.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, June 6th. The Goldman Sachs Group boosted their price target on Walmart from $64.33 to $73.00 and gave the stock a "buy" rating in a research report on Friday, May 17th. Raymond James boosted their price target on Walmart from $63.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. raised Walmart from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $66.00 to $81.00 in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $70.41.

Walmart Stock Down 0.3 %

Walmart stock traded down $0.23 during trading hours on Monday, hitting $67.48. 8,651,238 shares of the stock traded hands, compared to its average volume of 18,011,086. The firm's 50-day moving average price is $64.07 and its two-hundred day moving average price is $59.41. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a market cap of $542.78 billion, a PE ratio of 28.89, a PEG ratio of 3.91 and a beta of 0.50. Walmart has a one year low of $49.85 and a one year high of $69.04.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion for the quarter, compared to analysts' expectations of $159.57 billion. During the same period in the previous year, the firm posted $0.49 EPS. The business's revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that Walmart will post 2.42 EPS for the current year.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company's stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now directly owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares of the company's stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 14,499,762 shares of company stock worth $951,294,838 in the last three months. Corporate insiders own 45.58% of the company's stock.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently bought and sold shares of WMT. Lazard Asset Management LLC boosted its holdings in shares of Walmart by 13.5% during the 3rd quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer's stock valued at $11,731,000 after purchasing an additional 8,747 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of Walmart by 39.3% during the 3rd quarter. Alps Advisors Inc. now owns 47,367 shares of the retailer's stock valued at $7,575,000 after purchasing an additional 13,357 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Walmart by 1.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer's stock valued at $2,044,000 after purchasing an additional 128 shares during the last quarter. Legacy Advisors LLC boosted its holdings in shares of Walmart by 30.7% during the 3rd quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer's stock valued at $345,000 after purchasing an additional 506 shares during the last quarter. Finally, LaSalle St. Investment Advisors LLC boosted its holdings in shares of Walmart by 4.4% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,823 shares of the retailer's stock valued at $291,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors 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.