Windsor Capital Management LLC reduced its position in shares of Altria Group (NYSE:MO) by 8.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 12,224 shares of the company’s stock after selling 1,143 shares during the period. Windsor Capital Management LLC’s holdings in Altria Group were worth $842,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MO. First PREMIER Bank purchased a new stake in shares of Altria Group during the second quarter worth approximately $103,000. Tortoise Investment Management LLC raised its stake in shares of Altria Group by 26.6% in the second quarter. Tortoise Investment Management LLC now owns 1,654 shares of the company’s stock worth $114,000 after buying an additional 348 shares during the last quarter. CapWealth Advisors LLC raised its stake in shares of Altria Group by 6.3% in the first quarter. CapWealth Advisors LLC now owns 2,073 shares of the company’s stock worth $130,000 after buying an additional 123 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Altria Group by 4.8% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,086 shares of the company’s stock worth $144,000 after buying an additional 96 shares during the last quarter. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Altria Group during the second quarter worth approximately $152,000. Hedge funds and other institutional investors own 61.29% of the company’s stock.
Altria Group (NYSE:MO) traded down 0.39% during midday trading on Friday, hitting $63.87. The stock had a trading volume of 4,428,499 shares. The company has a market cap of $124.80 billion, a P/E ratio of 22.18 and a beta of 0.48. Altria Group has a 12 month low of $53.68 and a 12 month high of $70.15. The firm’s 50-day moving average price is $65.49 and its 200 day moving average price is $64.92.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $5.01 billion. Altria Group had a return on equity of 198.82% and a net margin of 22.05%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 EPS. On average, analysts expect that Altria Group will post $3.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 15th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This is a boost from Altria Group’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a yield of 3.82%. Altria Group’s dividend payout ratio is currently 84.72%.
A number of analysts have recently commented on the company. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.67 price target on the stock. in a research note on Thursday. Credit Agricole SA cut their price objective on Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, September 15th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Monday, July 11th. Argus set a $73.00 price objective on Altria Group and gave the stock a “buy” rating in a research note on Monday, August 1st. Finally, Jefferies Group assumed coverage on Altria Group in a research note on Wednesday. They issued a “hold” rating and a $70.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $69.44.
In related news, SVP Charles N. Whitaker sold 11,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $66.53, for a total transaction of $731,830.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James E. Dillard III sold 9,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total value of $600,120.00. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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