Deutsche Bank AG Has $2.11 Billion Stake in Walmart Inc. $WMT

Key Points

• Deutsche Bank increased its Walmart stake by 54% in the second quarter, adding 6.5 million shares to own 18.6 million shares valued at approximately $2.11 billion. Institutional investors collectively own 26.76% of Walmart.
• Walmart beat quarterly earnings and revenue expectations, with sales up 5.9% year over year; e-commerce, advertising and membership businesses posted strong growth. However, U.S. comparable sales lagged expectations and third-quarter guidance came in below analyst forecasts.
• Analysts maintain a generally bullish view, with a consensus “Moderate Buy” rating and average price target of $131.88, although several firms lowered targets after the results. Walmart shares opened at $103.70, while the stock remains highly valued at a P/E ratio of 37.44.

Deutsche Bank AG grew its position in Walmart Inc. (NASDAQ:WMT - Free Report) by 54.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,607,297 shares of the retailer's stock after purchasing an additional 6,525,224 shares during the period. Walmart comprises approximately 0.6% of Deutsche Bank AG's holdings, making the stock its 23rd biggest holding. Deutsche Bank AG owned about 0.23% of Walmart worth $2,107,462,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI grew its stake in Walmart by 50.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 255,387 shares of the retailer's stock worth $28,925,000 after buying an additional 85,459 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Walmart in the second quarter valued at $18,039,000. Principle Wealth Partners LLC raised its holdings in shares of Walmart by 1.1% in the second quarter. Principle Wealth Partners LLC now owns 35,329 shares of the retailer's stock valued at $4,001,000 after buying an additional 382 shares during the last quarter. Focused Wealth Management Inc lifted its position in Walmart by 1.2% during the 2nd quarter. Focused Wealth Management Inc now owns 29,114 shares of the retailer's stock worth $3,297,000 after buying an additional 359 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Walmart by 7.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,328,435 shares of the retailer's stock worth $1,283,059,000 after acquiring an additional 803,237 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. KeyCorp reissued an "overweight" rating on shares of Walmart in a report on Wednesday, August 12th. BMO Capital Markets reissued an "outperform" rating and set a $126.00 price objective on shares of Walmart in a report on Friday. Weiss Ratings downgraded shares of Walmart from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. Oppenheimer cut shares of Walmart from a "market perform" rating to a "cautious" rating in a research note on Wednesday. Finally, Roth Capital restated a "buy" rating on shares of Walmart in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $131.88.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported adjusted earnings of $0.81 per share and revenue of $187.94 billion, beating consensus estimates of $0.74 and $186.62 billion, respectively. Revenue increased 5.9% year over year. Walmart earnings report
• Positive Sentiment: Growth businesses remain strong: global e-commerce sales rose 23%, advertising revenue increased 38%, and global membership revenue grew 17%. These trends support the long-term investment case despite slower core-store growth. Walmart second-quarter highlights
• Positive Sentiment: Walmart plans to use approximately $2.9 billion in tariff refunds to help lower prices, potentially strengthening its value proposition as consumers become more budget-conscious. The rollout of tap-to-pay, including Apple Pay and Google Pay, may also improve checkout convenience. Walmart tap to pay rollout
• Neutral Sentiment: Several analysts retained bullish ratings—including buy, outperform, and overweight—but lowered price targets after the earnings release. New targets range from $120 to $140, indicating analysts still see meaningful upside but have moderated their expectations.
• Negative Sentiment: U.S. comparable sales grew 2.6%, below expectations near 3.5%, marking Walmart’s weakest domestic comparable-sales growth in more than six years. Analysts cited weakness in health and wellness and questioned the trajectory of the core U.S. business.
• Negative Sentiment: Third-quarter guidance fell short of consensus: Walmart projected adjusted EPS of $0.62–$0.64 versus $0.68 expected and revenue of $183.1–$184.5 billion versus $188.2 billion expected. The timing of Flipkart’s promotional event is also expected to reduce quarterly sales growth by more than 100 basis points.
• Negative Sentiment: The stock’s elevated valuation increases sensitivity to any slowdown, while higher energy costs and consumer trade-offs are raising broader concerns about the health of U.S. retail spending.

Walmart Stock Performance

Shares of WMT stock opened at $103.70 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. The company has a market capitalization of $825.25 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 3.94 and a beta of 0.61. The company's 50 day moving average price is $113.35 and its two-hundred day moving average price is $121.26. Walmart Inc. has a 52 week low of $95.42 and a 52 week high of $135.15.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. The company had revenue of $187.94 billion during the quarter, compared to analysts' expectations of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, analysts expect that Walmart Inc. will post 2.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Latriece Watkins sold 11,000 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president directly owned 120,203 shares of the company's stock, valued at $14,300,550.91. This represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David W. Guggina sold 11,978 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 57,064 shares of company stock valued at $6,697,788. Corporate insiders own 0.09% of the company's stock.

Walmart Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

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