LS Investment Advisors LLC trimmed its stake in shares of Altria Group Inc (NYSE:MO) by 27.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,014 shares of the company’s stock after selling 15,449 shares during the quarter. LS Investment Advisors LLC’s holdings in Altria Group were worth $2,601,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in MO. Merriman Wealth Management LLC bought a new position in Altria Group during the 3rd quarter valued at $436,000. Oakbrook Investments LLC boosted its stake in Altria Group by 21.9% during the 3rd quarter. Oakbrook Investments LLC now owns 128,836 shares of the company’s stock valued at $8,171,000 after purchasing an additional 23,150 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Altria Group by 44.9% during the 3rd quarter. State Treasurer State of Michigan now owns 935,302 shares of the company’s stock valued at $59,317,000 after purchasing an additional 289,600 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Altria Group by 4.6% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 51,313 shares of the company’s stock valued at $3,254,000 after purchasing an additional 2,268 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Altria Group by 5.2% during the 3rd quarter. Fisher Asset Management LLC now owns 76,545 shares of the company’s stock valued at $4,854,000 after purchasing an additional 3,773 shares in the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.
A number of brokerages have issued reports on MO. Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Co raised their price objective on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price objective for the company in a research note on Thursday, December 28th. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.01 to $71.00 in a research note on Tuesday, December 19th. Finally, Jefferies Group set a $72.00 price objective on Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Altria Group presently has a consensus rating of “Hold” and a consensus target price of $72.87.
Altria Group Inc (NYSE MO) remained flat at $$70.29 on Thursday. 6,771,400 shares of the company’s stock traded hands, compared to its average volume of 7,380,000. The company has a market cap of $134,130.00, a PE ratio of 8.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week high of $77.79. 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 released its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. equities analysts anticipate that Altria Group Inc will post 3.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.76%. Altria Group’s payout ratio is currently 33.00%.
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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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