Deutsche Bank AG Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Deutsche Bank AG lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 10,256,376 shares of the retailer’s stock after selling 779,404 shares during the quarter. Deutsche Bank AG’s holdings in Walmart were worth $926,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WMT shares. StockNews.com raised Walmart from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Morgan Stanley restated an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Wells Fargo & Company upped their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $102.00 price target on shares of Walmart in a research report on Tuesday. Two analysts have 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.94.

Walmart Trading Up 0.2 %

Shares of NYSE:WMT opened at $98.76 on Thursday. Walmart Inc. has a 52-week low of $59.44 and a 52-week high of $105.30. The stock has a market capitalization of $790.13 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock’s 50-day simple moving average is $90.62 and its two-hundred day simple moving average is $91.70.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,857 shares of company stock worth $12,444,743. Corporate insiders own 45.58% 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.