Deutsche Bank AG Acquires 3,427,615 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Deutsche Bank AG increased its stake in Walmart by 33.4%, acquiring an additional 3,427,615 shares, bringing its total holdings to approximately 13.68 million shares valued at $1.20 billion.
• Walmart's stock recently traded at $103.10, experiencing a slight decrease, with a market cap of $822.81 billion and a P/E ratio of 44.06.
• Walmart's latest earnings report showed $0.61 EPS for the quarter, surpassing analysts' expectations, and total revenue of $165.61 billion, indicating a year-over-year increase of 2.5%.

Deutsche Bank AG boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 33.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,683,991 shares of the retailer's stock after purchasing an additional 3,427,615 shares during the period. Deutsche Bank AG owned about 0.17% of Walmart worth $1,201,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Capital Management LLC increased its position in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE lifted its position in shares of Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after acquiring an additional 1,720 shares during the period. Finally, Texas Yale Capital Corp. lifted its position in Walmart by 1.7% during the fourth quarter. Texas Yale Capital Corp. now owns 102,920 shares of the retailer's stock worth $9,299,000 after purchasing an additional 1,675 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

WMT traded down $0.26 on Thursday, hitting $103.10. The company's stock had a trading volume of 12,503,690 shares, compared to its average volume of 14,407,530. The firm has a market cap of $822.81 billion, a P/E ratio of 44.06, a price-to-earnings-growth ratio of 4.97 and a beta of 0.66. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company's 50 day simple moving average is $97.20 and its 200-day simple moving average is $95.29.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the company posted $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the transaction, the executive vice president directly owned 626,118 shares in the company, valued at $61,547,399.40. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,112 shares of company stock valued at $14,080,073 over the last quarter. Company insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Tigress Financial raised their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Raymond James Financial decreased their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Walmart currently has an average rating of "Buy" and a consensus price target of $106.67.

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.