Alta Wealth Advisors LLC recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
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As of the latest 13F report, the guru’s equity portfolio contained 136 stocks valued at a total of $140.00Mil. The top holdings were SPYG(3.93%), RDVY(3.60%), and SPY(3.54%).
According to GuruFocus data, these were Alta Wealth Advisors LLC’s top five trades of the quarter.
Progressive Corp
The guru established a new position worth 7,060 shares in NYSE:PGR, giving the stock a 0.59% weight in the equity portfolio. Shares traded for an average price of $120.41 during the quarter.
On 10/17/2022, Progressive Corp traded for a price of $119.59 per share and a market cap of $69.97Bil. The stock has returned 33.14% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Progressive Corp has a price-earnings ratio of 84.82, a price-book ratio of 4.74, a price-earnings-to-growth (PEG) ratio of 3.04, a EV-to-Ebitda ratio of 48.10 and a price-sales ratio of 1.46.
The price-to-GF Value ratio is 1.11, earning the stock a GF Value rank of 3.
SPDR Portfolio S&P 500 Growth ETF
During the quarter, Alta Wealth Advisors LLC bought 14,189 shares of ARCA:SPYG for a total holding of 109,682. The trade had a 0.51% impact on the equity portfolio. During the quarter, the stock traded for an average price of $56.14.
On 10/17/2022, SPDR Portfolio S&P 500 Growth ETF traded for a price of $50.8 per share and a market cap of $12.25Bil. The stock has returned -23.01% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, SPDR Portfolio S&P 500 Growth ETF has a price-earnings ratio of 21.71 and a price-book ratio of 6.27.
BlackRock Inc
The guru established a new position worth 1,039 shares in NYSE:BLK, giving the stock a 0.41% weight in the equity portfolio. Shares traded for an average price of $654.57 during the quarter.
On 10/17/2022, BlackRock Inc traded for a price of $569.25 per share and a market cap of $85.83Bil. The stock has returned -35.19% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, BlackRock Inc has a price-earnings ratio of 15.68, a price-book ratio of 2.33, a price-earnings-to-growth (PEG) ratio of 1.23, a EV-to-Ebitda ratio of 12.01 and a price-sales ratio of 4.70.
The price-to-GF Value ratio is 0.78, earning the stock a GF Value rank of 9.
The Energy Select Sector SPDR Fund
The guru established a new position worth 7,762 shares in ARCA:XLE, giving the stock a 0.4% weight in the equity portfolio. Shares traded for an average price of $74.94 during the quarter.
On 10/17/2022, The Energy Select Sector SPDR Fund traded for a price of $81.28 per share and a market cap of $38.31Bil. The stock has returned 48.21% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, The Energy Select Sector SPDR Fund has a price-earnings ratio of 9.20 and a price-book ratio of 2.15.
FedEx Corp
The guru sold out of their 2,446-share investment in NYSE:FDX. Previously, the stock had a 0.39% weight in the equity portfolio. Shares traded for an average price of $211.05 during the quarter.
On 10/17/2022, FedEx Corp traded for a price of $156.98 per share and a market cap of $40.85Bil. The stock has returned -29.83% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, FedEx Corp has a price-earnings ratio of 11.61, a price-book ratio of 1.62, a price-earnings-to-growth (PEG) ratio of 1.76, a EV-to-Ebitda ratio of 7.65 and a price-sales ratio of 0.44.
The price-to-GF Value ratio is 0.61, earning the stock a GF Value rank of 10.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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