Family Management Corp lessened its position in shares of Altria Group (NYSE:MO) by 33.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,012 shares of the company’s stock after selling 1,996 shares during the period. Family Management Corp’s holdings in Altria Group were worth $299,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Altria Group by 8.8% in the 2nd quarter. Cetera Investment Advisers now owns 37,089 shares of the company’s stock worth $2,758,000 after purchasing an additional 2,997 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Altria Group by 5.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 13,535 shares of the company’s stock worth $1,008,000 after purchasing an additional 654 shares during the last quarter. Beaton Management Co. Inc. bought a new stake in shares of Altria Group in the 2nd quarter worth approximately $2,103,000. Fort Pitt Capital Group LLC lifted its holdings in shares of Altria Group by 2.0% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 18,018 shares of the company’s stock worth $1,342,000 after purchasing an additional 345 shares during the last quarter. Finally, Tandem Investment Advisors Inc. lifted its holdings in shares of Altria Group by 7.7% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 10,323 shares of the company’s stock worth $769,000 after purchasing an additional 740 shares during the last quarter. 62.70% of the stock is currently owned by institutional investors.
In other news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.
Several research firms recently commented on MO. Vetr cut Altria Group from a “hold” rating to a “sell” rating and set a $67.97 target price on the stock. in a research report on Monday. Jefferies Group set a $72.00 target price on Altria Group and gave the company a “hold” rating in a research report on Friday, November 17th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 target price on shares of Altria Group in a research report on Friday, October 27th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, UBS lowered their target price on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $72.64.
Altria Group (MO) traded up $0.60 on Thursday, reaching $72.32. The company had a trading volume of 5,975,100 shares, compared to its average volume of 6,790,962. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm has a market cap of $136,855.39, a PE ratio of 22.70, a P/E/G ratio of 2.93 and a beta of 0.62.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. equities analysts predict that Altria Group will post 3.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.
Altria Group Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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