Northpointe Capital LLC bought a new position in Altria Group Inc (NYSE:MO) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 57,163 shares of the company’s stock, valued at approximately $3,625,000.
Other large investors also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. increased its stake in Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares in the last quarter. Solaris Asset Management LLC increased its stake in Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group bought a new stake in shares of Altria Group in the second quarter worth approximately $109,000. Balentine LLC grew its stake in shares of Altria Group by 32.4% in the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after acquiring an additional 357 shares during the period. Finally, INR Advisory Services LLC bought a new stake in shares of Altria Group in the second quarter worth approximately $134,000. 62.64% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 price target on shares of Altria Group in a research note on Tuesday, October 3rd. Vetr raised shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price objective on the stock in a report on Thursday, December 28th. Zacks Investment Research raised shares of Altria Group from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Wells Fargo & Co raised their price objective on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Berenberg Bank reissued a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Altria Group has a consensus rating of “Hold” and an average price target of $72.87.
Shares of Altria Group Inc (MO) traded down $0.68 on Friday, reaching $69.61. 7,413,208 shares of the company traded hands, compared to its average volume of 7,310,000. Altria Group Inc has a 12 month low of $60.01 and a 12 month high of $77.79. The company has a market capitalization of $132,830.00, a PE ratio of 8.70, a PEG ratio of 2.57 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Altria Group’s quarterly revenue was down 1.8% on a year-over-year basis. analysts anticipate that Altria Group Inc will post 3.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.00%.
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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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