Cypress Capital Management LLC WY Has $2.01 Million Holdings in Altria Group Inc (MO)

Cypress Capital Management LLC WY cut its position in Altria Group Inc (NYSE:MO) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,355 shares of the company’s stock after selling 9,320 shares during the period. Altria Group comprises about 2.0% of Cypress Capital Management LLC WY’s portfolio, making the stock its 11th largest position. Cypress Capital Management LLC WY’s holdings in Altria Group were worth $2,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MO. Principal Financial Group Inc. raised its holdings in shares of Altria Group by 2.8% during the first quarter. Principal Financial Group Inc. now owns 3,036,027 shares of the company’s stock worth $189,205,000 after acquiring an additional 81,646 shares during the period. Gulf International Bank UK Ltd raised its holdings in shares of Altria Group by 3.9% during the second quarter. Gulf International Bank UK Ltd now owns 36,581 shares of the company’s stock worth $2,077,000 after acquiring an additional 1,366 shares during the period. Newman Dignan & Sheerar Inc. raised its holdings in shares of Altria Group by 31.2% during the second quarter. Newman Dignan & Sheerar Inc. now owns 5,761 shares of the company’s stock worth $327,000 after acquiring an additional 1,370 shares during the period. Rockland Trust Co. raised its holdings in shares of Altria Group by 1.4% during the second quarter. Rockland Trust Co. now owns 70,449 shares of the company’s stock worth $4,001,000 after acquiring an additional 995 shares during the period. Finally, Clinton Group Inc. raised its holdings in shares of Altria Group by 1,048.5% during the second quarter. Clinton Group Inc. now owns 43,424 shares of the company’s stock worth $2,466,000 after acquiring an additional 39,643 shares during the period. Institutional investors own 63.23% of the company’s stock.

MO has been the topic of a number of research analyst reports. Argus raised their price objective on shares of Altria Group from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Piper Jaffray Companies set a $75.00 price objective on shares of Altria Group and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded 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. Stifel Nicolaus dropped 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. 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Altria Group presently has an average rating of “Buy” and an average target price of $69.87.

In related news, Director Dinyar S. Devitre sold 3,165 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

Altria Group stock opened at $63.67 on Friday. The firm has a market capitalization of $122.21 billion, a P/E ratio of 18.84, a price-to-earnings-growth 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. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $5.29 billion during 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, research analysts anticipate that Altria Group Inc will post 3.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, September 14th were given a $0.80 dividend. The ex-dividend date was Thursday, September 13th. 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. Altria Group’s dividend payout ratio (DPR) is 94.67%.

Altria Group 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.

Recommended Story: What impact do institutional investors have on markets?

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply