Advisor Partners LLC lowered its holdings in shares of Altria Group Inc (NYSE:MO) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,692 shares of the company’s stock after selling 3,356 shares during the period. Altria Group makes up 0.8% of Advisor Partners LLC’s holdings, making the stock its 22nd largest position. Advisor Partners LLC owned approximately 3,337.82% of Altria Group worth $4,039,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MO. Bellwether Investment Group LLC increased its position in shares of Altria Group by 0.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after purchasing an additional 12 shares during the period. Cheviot Value Management LLC increased its position in shares of Altria Group by 1.0% during the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after purchasing an additional 28 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Altria Group by 0.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock valued at $366,000 after purchasing an additional 28 shares during the period. Thompson Davis & CO. Inc. increased its position in shares of Altria Group by 0.5% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock valued at $429,000 after purchasing an additional 29 shares during the period. Finally, Private Asset Management Inc. increased its position in shares of Altria Group by 0.5% during the 2nd quarter. Private Asset Management Inc. now owns 6,623 shares of the company’s stock valued at $493,000 after purchasing an additional 32 shares during the period. 62.64% of the stock is currently owned by hedge funds and other institutional investors.
Altria Group Inc (NYSE MO) traded down $0.68 on Friday, reaching $69.61. The company had a trading volume of 7,413,208 shares, compared to its average volume of 7,310,000. The firm has a market capitalization of $132,830.00, a PE ratio of 8.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. Altria Group Inc has a 52-week low of $60.01 and a 52-week 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.
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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. research analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.79%. Altria Group’s dividend payout ratio is presently 33.00%.
MO has been the topic of a number of recent research reports. Jefferies Group set a $72.00 target price on Altria Group and gave the stock a “hold” rating in a report on Friday, November 17th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price on the stock. in a report on Monday, November 13th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 target price on shares of Altria Group in a report on Friday, October 27th. Finally, Edward Jones upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $72.87.
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About Altria Group
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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