Wedbush Securities Inc. lessened its stake in shares of Altria Group Inc (NYSE:MO) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,542 shares of the company’s stock after selling 16,016 shares during the quarter. Wedbush Securities Inc.’s holdings in Altria Group were worth $3,621,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Julex Capital Management LLC purchased a new position in Altria Group during the third quarter valued at $25,000. Simon Quick Advisors LLC lifted its position in Altria Group by 518.4% during the fourth quarter. Simon Quick Advisors LLC now owns 538 shares of the company’s stock valued at $27,000 after buying an additional 451 shares during the period. Vigilant Capital Management LLC lifted its position in Altria Group by 140.3% during the third quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock valued at $29,000 after buying an additional 411 shares during the period. KCS Wealth Advisory purchased a new position in Altria Group during the third quarter valued at $40,000. Finally, Salomon & Ludwin LLC lifted its position in Altria Group by 189.0% during the second quarter. Salomon & Ludwin LLC now owns 867 shares of the company’s stock valued at $41,000 after buying an additional 567 shares during the period. 62.51% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on MO shares. Argus set a $60.00 price objective on Altria Group and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Jaffray Companies set a $49.00 price target on Altria Group and gave the company a “hold” rating in a report on Monday, September 30th. Citigroup upgraded Altria Group from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, December 2nd. Stifel Nicolaus restated a “buy” rating on shares of Altria Group in a report on Tuesday, October 15th. Finally, Barclays set a $50.00 price target on Altria Group and gave the company a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.86.
Shares of NYSE:MO traded down $0.16 on Thursday, hitting $51.09. 6,717,964 shares of the company traded hands, compared to its average volume of 7,049,858. Altria Group Inc has a 52 week low of $39.30 and a 52 week high of $57.88. The company has a quick ratio of 0.27, a current ratio of 0.56 and a debt-to-equity ratio of 2.53. The stock has a 50 day simple moving average of $50.29 and a 200-day simple moving average of $46.91. The company has a market cap of $95.03 billion, a PE ratio of 12.80, a PEG ratio of 1.80 and a beta of 0.44.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Altria Group had a return on equity of 56.17% and a net margin of 7.00%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the company earned $1.08 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Altria Group Inc will post 4.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $0.84 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $3.36 annualized dividend and a yield of 6.58%. Altria Group’s payout ratio is 84.21%.
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.
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