Calamos Wealth Management LLC raised its position in Altria Group (NYSE:MO) by 16.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,688 shares of the company’s stock after buying an additional 7,908 shares during the period. Calamos Wealth Management LLC’s holdings in Altria Group were worth $3,840,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of MO. First PREMIER Bank acquired a new position in Altria Group during the second quarter worth approximately $103,000. CapWealth Advisors LLC increased 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 valued at $130,000 after buying an additional 123 shares during the period. Barnett & Company Inc. purchased a new stake in shares of Altria Group during the first quarter valued at about $180,000. Adirondack Trust Co. increased its stake in shares of Altria Group by 3.1% in the second quarter. Adirondack Trust Co. now owns 2,808 shares of the company’s stock valued at $194,000 after buying an additional 85 shares during the period. Finally, Baker Boyer National Bank purchased a new stake in shares of Altria Group during the second quarter valued at about $207,000. Institutional investors own 61.29% of the company’s stock.
Shares of Altria Group (NYSE:MO) traded up 0.89% on Wednesday, reaching $62.54. 5,006,797 shares of the company were exchanged. The firm has a 50 day moving average price of $64.10 and a 200-day moving average price of $64.99. The stock has a market capitalization of $122.20 billion, a PE ratio of 21.72 and a beta of 0.52. Altria Group has a 12-month low of $56.15 and a 12-month high of $70.15.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.81 EPS for the quarter, topping the Zacks’ 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 net margin of 22.05% and a return on equity of 198.82%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, analysts predict that Altria Group will post $3.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th were issued a $0.61 dividend. This is a positive change from Altria Group’s previous quarterly dividend of $0.57. The ex-dividend date was Tuesday, September 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.90%. Altria Group’s dividend payout ratio is presently 84.72%.
Several equities research analysts recently issued reports on the stock. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.67 target price for the company. in a research note on Thursday, September 22nd. Credit Agricole SA cut their target price on shares of Altria Group from $69.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, September 15th. Argus set a $73.00 target price on shares of Altria Group and gave the company a “buy” rating in a research note on Monday, August 1st. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, July 11th. Finally, Jefferies Group assumed coverage on shares of Altria Group in a research note on Wednesday, September 21st. They issued a “hold” rating and a $70.00 target price for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.44.
In other news, SVP James E. Dillard III sold 9,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total value of $600,120.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Charles N. Whitaker sold 11,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $66.53, for a total transaction of $731,830.00. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.
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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