Captrust Financial Advisors purchased a new stake in Altria Group (NYSE:MO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 24,605 shares of the company’s stock, valued at approximately $1,847,000.
A number of other institutional investors have also recently bought and sold shares of MO. Baystate Wealth Management LLC boosted its holdings in Altria Group by 0.3% during the second quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock worth $270,000 after buying an additional 10 shares during the last quarter. Bellwether Investment Group LLC boosted its holdings in Altria Group by 0.3% during the second quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock worth $331,000 after buying an additional 12 shares during the last quarter. Lafayette Investments Inc. boosted its holdings in Altria Group by 0.7% during the first quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock worth $276,000 after buying an additional 25 shares during the last quarter. Thompson Davis & CO. Inc. boosted 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 buying an additional 29 shares during the last quarter. Finally, Private Asset Management Inc. boosted 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 buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 62.70% of the company’s stock.
In related news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is currently owned by company insiders.
A number of equities analysts have issued reports on the company. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $71.65 target price on the stock. in a report on Monday. Jefferies Group set a $72.00 price target on Altria Group and gave the stock a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $72.90.
Altria Group (NYSE:MO) traded up $1.48 during midday trading on Thursday, hitting $71.66. The stock had a trading volume of 9,716,700 shares, compared to its average volume of 6,807,555. The firm has a market capitalization of $133,916.77, a price-to-earnings ratio of 22.21, a P/E/G ratio of 2.87 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the firm earned $0.82 EPS. Altria Group’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts anticipate that Altria Group will post 3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio is presently 33.04%.
About Altria Group
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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