Girard Securities Inc. increased its stake in shares of Altria Group Inc (NYSE:MO) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,801 shares of the company’s stock after buying an additional 803 shares during the period. Girard Securities Inc.’s holdings in Altria Group were worth $730,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Atria Investments LLC raised its position in Altria Group by 88.4% in the third quarter. Atria Investments LLC now owns 28,584 shares of the company’s stock worth $1,807,000 after buying an additional 13,414 shares in the last quarter. Eagle Asset Management Inc. raised its position in Altria Group by 5.9% in the third quarter. Eagle Asset Management Inc. now owns 1,785,597 shares of the company’s stock worth $112,903,000 after buying an additional 99,643 shares in the last quarter. Carroll Financial Associates Inc. raised its position in Altria Group by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 26,117 shares of the company’s stock worth $1,651,000 after buying an additional 2,114 shares in the last quarter. First Financial Bank N.A. Trust Division raised its position in Altria Group by 1.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 20,217 shares of the company’s stock worth $1,278,000 after buying an additional 300 shares in the last quarter. Finally, Naples Global Advisors LLC raised its position in Altria Group by 0.6% in the third quarter. Naples Global Advisors LLC now owns 21,988 shares of the company’s stock worth $1,390,000 after buying an additional 138 shares in the last quarter. 60.77% of the stock is currently owned by institutional investors and hedge funds.
Altria Group Inc (NYSE:MO) opened at 73.20 on Tuesday. Altria Group Inc has a 52 week low of $59.48 and a 52 week high of $76.55. The stock’s 50 day moving average price is $74.26 and its 200 day moving average price is $67.65. The firm has a market cap of $142.01 billion, a price-to-earnings ratio of 10.05 and a beta of 0.61.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the company earned $0.67 EPS. The company’s revenue was up .1% on a year-over-year basis. On average, equities research analysts predict that Altria Group Inc will post $3.30 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.61 per share. The ex-dividend date is Monday, March 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.33%. Altria Group’s dividend payout ratio (DPR) is presently 33.47%.
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A number of research firms have commented on MO. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $74.25 price objective on the stock in a research note on Monday. Jefferies Group LLC reissued a “hold” rating and issued a $71.00 price objective on shares of Altria Group in a research note on Friday. Royal Bank of Canada lowered Altria Group from a “sector perform” rating to an “underperform” rating and set a $62.00 price objective on the stock. in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Argus boosted their price objective on Altria Group from $73.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Berenberg Bank lowered Altria Group from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $71.16.
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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