Clear Perspective Advisors LLC trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,162 shares of the company’s stock after selling 364 shares during the quarter. Clear Perspective Advisors LLC’s holdings in Altria Group were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Intellectus Partners LLC grew its stake in Altria Group by 1.8% during the 2nd quarter. Intellectus Partners LLC now owns 12,849 shares of the company’s stock worth $624,000 after buying an additional 223 shares during the last quarter. Seeyond grew its stake in Altria Group by 0.5% during the 2nd quarter. Seeyond now owns 55,344 shares of the company’s stock valued at $2,638,000 after purchasing an additional 248 shares during the last quarter. Natixis grew its stake in Altria Group by 1,186.5% during the 2nd quarter. Natixis now owns 623,843 shares of the company’s stock valued at $29,745,000 after purchasing an additional 575,353 shares during the last quarter. Parisi Gray Wealth Management purchased a new stake in Altria Group during the 2nd quarter valued at about $173,000. Finally, Toroso Investments LLC grew its stake in Altria Group by 15.0% during the 2nd quarter. Toroso Investments LLC now owns 29,749 shares of the company’s stock valued at $1,418,000 after purchasing an additional 3,891 shares during the last quarter. Hedge funds and other institutional investors own 59.44% of the company’s stock.
MO has been the topic of several research analyst reports. Redburn Partners started coverage on Altria Group in a research note on Thursday, June 17th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 target price on shares of Altria Group in a research note on Friday, July 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $52.75.
Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 28th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.36 billion. Altria Group had a return on equity of 268.09% and a net margin of 17.22%. Equities analysts forecast that Altria Group, Inc. will post 4.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 12th. Investors of record on Wednesday, September 15th were issued a $0.90 dividend. This is a boost from Altria Group’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $3.60 dividend on an annualized basis and a yield of 7.45%. Altria Group’s dividend payout ratio is presently 82.57%.
About Altria Group
Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.
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