Advisors Asset Management Inc. trimmed its stake in Altria Group Inc (NYSE:MO) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,177 shares of the company’s stock after selling 48,822 shares during the period. Altria Group comprises about 0.5% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 26th biggest position. Advisors Asset Management Inc.’s holdings in Altria Group were worth $28,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Solaris Asset Management LLC grew its position in Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares during the last quarter. CKW Financial Group acquired a new stake in Altria Group in the 2nd quarter worth $109,000. Balentine LLC grew its position in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after purchasing an additional 357 shares during the last quarter. INR Advisory Services LLC acquired a new stake in Altria Group in the 2nd quarter worth $134,000. Finally, Northwest Investment Counselors LLC grew its position in Altria Group by 557.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after purchasing an additional 1,543 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.
MO has been the subject of a number of analyst reports. Jefferies Group set a $72.00 price objective on shares of Altria Group and gave the stock a “hold” rating in a report on Friday, November 17th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price objective for the company. in a report on Monday, November 13th. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 price objective on shares of Altria Group in a report on Friday, October 27th. Finally, Edward Jones raised shares of 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 issued a buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and an average target price of $72.87.
Altria Group Inc (MO) opened at $69.61 on Friday. Altria Group Inc has a 1-year low of $60.01 and a 1-year high of $77.79. The stock has a market cap of $132,830.00, a PE ratio of 8.70, a P/E/G ratio of 2.57 and a beta of 0.62. 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 (EPS) for the quarter, beating 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 firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period last year, the firm posted $0.82 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. equities analysts predict that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.79%. The ex-dividend date 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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