CCG Wealth Management LLC Increases Stock Position in Walmart Inc. (NYSE:WMT)

CCG Wealth Management LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 624.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,046 shares of the retailer’s stock after buying an additional 11,244 shares during the quarter. CCG Wealth Management LLC’s holdings in Walmart were worth $785,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after acquiring an additional 751,713 shares during the period. Morgan Stanley increased its holdings in Walmart by 1.8% during the 3rd quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after acquiring an additional 426,388 shares during the period. Norges Bank bought a new stake in Walmart during the 4th quarter worth approximately $3,674,652,000. Price T Rowe Associates Inc. MD increased its holdings in Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after acquiring an additional 2,150,351 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Walmart by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 9,550,281 shares of the retailer’s stock worth $1,505,602,000 after acquiring an additional 435,253 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,525,340 shares of company stock valued at $953,023,399. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Barclays increased their price target on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Royal Bank of Canada increased their price target on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Citigroup increased their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, KeyCorp increased their price target on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $70.47.

Walmart Trading Up 0.9 %

Shares of WMT opened at $68.07 on Wednesday. The firm has a fifty day simple moving average of $64.22 and a two-hundred day simple moving average of $59.53. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $547.52 billion, a P/E ratio of 29.13, a PEG ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the company posted $0.49 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

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.