Strategy Asset Managers LLC trimmed its holdings in Altria Group Inc (NYSE:MO) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,783 shares of the company’s stock after selling 3,725 shares during the period. Altria Group comprises about 2.5% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 7th largest holding. Strategy Asset Managers LLC’s holdings in Altria Group were worth $12,226,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Bellwether Investment Group LLC lifted its holdings in shares of Altria Group by 0.3% in the second 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 in the last quarter. Cheviot Value Management LLC raised its holdings in Altria Group by 1.0% during the second 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 raised its holdings in Altria Group by 0.6% during the second 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. Thompson Davis & CO. Inc. raised its holdings in Altria Group by 0.5% during the second 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. Finally, Private Asset Management Inc. raised its holdings in Altria Group by 0.5% during the second quarter. Private Asset Management Inc. now owns 6,623 shares of the company’s stock worth $493,000 after acquiring an additional 32 shares in the last quarter. 62.64% of the stock is owned by hedge funds and other institutional investors.
Altria Group Inc (NYSE:MO) opened at $70.03 on Friday. Altria Group Inc has a 12 month low of $60.01 and a 12 month high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The stock has a market capitalization of $133,630.00, a PE ratio of 8.75, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. equities research analysts expect that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.77%. Altria Group’s payout ratio is 33.00%.
Several analysts have issued reports on the company. Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Friday. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Co upped their target price on Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target on the stock in a research report on Thursday, December 28th. Finally, Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $60.01 to $71.00 in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $72.71.
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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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