Beaton Management Co. Inc. bought a new position in Altria Group (NYSE:MO) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 28,233 shares of the company’s stock, valued at approximately $2,103,000. Altria Group accounts for approximately 2.1% of Beaton Management Co. Inc.’s investment portfolio, making the stock its 12th largest holding.
Several other large investors also recently bought and sold shares of the company. Bellwether Investment Group LLC lifted its position in shares of Altria Group by 0.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock worth $331,000 after purchasing an additional 12 shares during the period. Lafayette Investments Inc. increased its stake in shares of Altria Group by 0.7% in the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock worth $276,000 after acquiring an additional 25 shares in the last quarter. Cheviot Value Management LLC increased its stake in shares of Altria Group by 1.0% in the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock worth $218,000 after acquiring an additional 28 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Altria Group by 0.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock worth $366,000 after acquiring an additional 28 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in shares of Altria Group by 0.5% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock worth $429,000 after acquiring an additional 29 shares in the last quarter. 62.70% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on MO shares. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Wednesday, October 11th. Piper Jaffray Companies reiterated a “buy” rating and issued a $76.00 price target on shares of Altria Group in a research note on Friday, October 27th. Cowen reiterated a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Finally, BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Altria Group currently has an average rating of “Hold” and an average target price of $72.64.
Altria Group (NYSE MO) traded up $0.60 during trading hours on Thursday, reaching $72.32. 5,975,100 shares of the company’s stock were exchanged, compared to its average volume of 6,790,962. The company has a market cap of $136,855.39, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.93 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. Altria Group’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. sell-side analysts anticipate that Altria Group will post 3.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.65%. Altria Group’s dividend payout ratio is currently 33.04%.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.
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Altria Group Company 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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