Waldron LP held its stake in shares of Altria Group (NYSE:MO) during the second quarter, Holdings Channel reports. The institutional investor owned 18,837 shares of the company’s stock at the end of the second quarter. Altria Group makes up 0.4% of Waldron LP’s investment portfolio, making the stock its 23rd largest position. Waldron LP’s holdings in Altria Group were worth $1,024,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Atalanta Sosnoff Capital LLC increased its stake in shares of Altria Group by 1,895.8% in the first quarter. Atalanta Sosnoff Capital LLC now owns 589,085 shares of the company’s stock worth $36,912,000 after buying an additional 559,569 shares during the last quarter. Bath Savings Trust Co increased its stake in Altria Group by 1.3% in the first quarter. Bath Savings Trust Co now owns 14,029 shares of the company’s stock valued at $879,000 after buying an additional 180 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its stake in Altria Group by 4.1% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 313,049 shares of the company’s stock valued at $19,616,000 after buying an additional 12,297 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Altria Group by 6.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 10,731 shares of the company’s stock valued at $672,000 after buying an additional 645 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Altria Group by 1.2% in the first quarter. Acadian Asset Management LLC now owns 2,065,297 shares of the company’s stock valued at $129,409,000 after buying an additional 24,486 shares during the last quarter. 61.29% of the stock is owned by institutional investors.
Shares of Altria Group (NYSE:MO) traded down 0.2494% during midday trading on Friday, reaching $63.9601. The company’s stock had a trading volume of 2,132,405 shares. Altria Group has a 12 month low of $53.68 and a 12 month high of $70.15. The firm has a market cap of $124.98 billion, a price-to-earnings ratio of 22.2084 and a beta of 0.48. The company has a 50-day moving average price of $65.56 and a 200-day moving average price of $64.91.
Altria Group (NYSE:MO) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Altria Group had a return on equity of 198.82% and a net margin of 22.05%. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business posted $0.74 EPS. Altria Group’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts expect that Altria Group will post $3.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.81%. 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. Altria Group’s payout ratio is 84.72%.
Several analysts have issued reports on MO shares. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $72.13 price objective on the stock. in a report on Monday, June 6th. Berenberg Bank began coverage on Altria Group in a report on Tuesday, June 14th. They issued a “buy” rating and a $74.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $71.00 target price (up previously from $65.00) on shares of Altria Group in a report on Monday, June 27th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Monday, July 4th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $69.00 target price (up previously from $64.00) on shares of Altria Group in a report on Friday, July 15th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $69.44.
In related news, SVP Charles N. Whitaker sold 11,000 shares of Altria Group stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $66.53, for a total value of $731,830.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP James E. Dillard III sold 9,000 shares of Altria Group stock in a transaction that occurred on 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. Insiders own 0.15% of the company’s stock.
About Altria Group
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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