CCG Wealth Management LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

CCG Wealth Management LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,887 shares of the retailer’s stock after selling 191 shares during the period. Walmart accounts for about 0.6% of CCG Wealth Management LLC’s holdings, making the stock its 28th biggest position. CCG Wealth Management LLC’s holdings in Walmart were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Walmart by 0.7% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 20,256 shares of the retailer’s stock valued at $1,830,000 after acquiring an additional 135 shares during the period. Alterna Wealth Management Inc. boosted its holdings in shares of Walmart by 9.9% in the fourth quarter. Alterna Wealth Management Inc. now owns 5,563 shares of the retailer’s stock valued at $503,000 after acquiring an additional 500 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Walmart by 0.6% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 75,331 shares of the retailer’s stock valued at $6,823,000 after acquiring an additional 427 shares during the period. Round Rock Advisors LLC boosted its holdings in shares of Walmart by 111.0% in the fourth quarter. Round Rock Advisors LLC now owns 8,305 shares of the retailer’s stock valued at $750,000 after acquiring an additional 4,369 shares during the period. Finally, Sutton Place Investors LLC boosted its holdings in shares of Walmart by 24.3% in the fourth quarter. Sutton Place Investors LLC now owns 4,912 shares of the retailer’s stock valued at $444,000 after acquiring an additional 959 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 1.4 %

Shares of WMT stock opened at $100.92 on Wednesday. The firm has a 50-day moving average price of $93.27 and a 200 day moving average price of $83.48. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $100.95. The company has a market capitalization of $810.71 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.49 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock valued at $12,649,328 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a report on Thursday, November 21st. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.37.

Walmart 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.