Fishman Jay A Ltd. MI lowered its stake in Altria Group Inc (NYSE:MO) by 17.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,530 shares of the company’s stock after selling 8,052 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Altria Group were worth $2,263,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in MO. Principal Financial Group Inc. increased its stake in Altria Group by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 3,036,027 shares of the company’s stock valued at $189,205,000 after purchasing an additional 81,646 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Altria Group by 3.9% during the 2nd quarter. Gulf International Bank UK Ltd now owns 36,581 shares of the company’s stock valued at $2,077,000 after purchasing an additional 1,366 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its stake in Altria Group by 31.2% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 5,761 shares of the company’s stock valued at $327,000 after purchasing an additional 1,370 shares in the last quarter. Rockland Trust Co. increased its stake in Altria Group by 1.4% during the 2nd quarter. Rockland Trust Co. now owns 70,449 shares of the company’s stock valued at $4,001,000 after purchasing an additional 995 shares in the last quarter. Finally, Clinton Group Inc. increased its stake in Altria Group by 1,048.5% during the 2nd quarter. Clinton Group Inc. now owns 43,424 shares of the company’s stock valued at $2,466,000 after purchasing an additional 39,643 shares in the last quarter. Institutional investors own 63.23% of the company’s stock.
MO opened at $63.67 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. The firm has a market cap of $122.21 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.85 and a beta of 0.40. Altria Group Inc has a 1 year low of $53.91 and a 1 year high of $74.38.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. On average, analysts expect that Altria Group Inc will post 3.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Friday, September 14th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.03%. This is an increase from Altria Group’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, September 13th. Altria Group’s payout ratio is currently 94.67%.
A number of brokerages have commented on MO. Sanford C. Bernstein began coverage on shares of Altria Group in a research note on Tuesday, October 16th. They set a “market perform” rating for the company. Stifel Nicolaus cut their price objective on shares of Altria Group from $78.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, July 27th. ValuEngine raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Tuesday, September 25th. Finally, Bank of America set a $70.00 price objective on shares of Altria Group and gave the stock a “buy” rating in a report on Thursday, September 13th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Altria Group presently has a consensus rating of “Buy” and a consensus price target of $69.87.
In related news, Director Dinyar S. Devitre sold 3,165 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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