Investment Counsel Inc. Continues to Hold Stake in Altria Group (MO)

Investment Counsel Inc. maintained its stake in shares of Altria Group (NYSE:MO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,890 shares of the company’s stock at the end of the first quarter. Investment Counsel Inc.’s holdings in Altria Group were worth $564,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MO. Advantage Investment Management LLC purchased a new stake in shares of Altria Group during the fourth quarter worth approximately $116,000. CLS Investments LLC increased its stake in shares of Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock worth $120,000 after buying an additional 1,272 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Altria Group during the first quarter worth approximately $134,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock worth $136,000 after buying an additional 65 shares in the last quarter. Finally, Acropolis Investment Management LLC increased its stake in shares of Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares in the last quarter. Institutional investors own 63.38% of the company’s stock.

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

Shares of Altria Group (NYSE MO) opened at 77.28 on Friday. The company’s 50-day moving average price is $72.97 and its 200-day moving average price is $71.42. The firm has a market capitalization of $149.85 billion, a PE ratio of 10.46 and a beta of 0.66. Altria Group has a 12-month low of $60.82 and a 12-month high of $77.29.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.01. The company had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.63 billion. Altria Group had a net margin of 55.99% and a return on equity of 76.43%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. Analysts anticipate that Altria Group will post $3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Thursday, June 15th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, June 13th. Altria Group’s dividend payout ratio (DPR) is currently 33.02%.

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A number of brokerages have commented on MO. Vetr upgraded Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price objective for the company in a research report on Monday, April 3rd. Piper Jaffray Companies began coverage on Altria Group in a research report on Wednesday, May 24th. They issued an “overweight” rating and a $76.00 price objective for the company. Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada reissued a “sell” rating and issued a $62.00 target price on shares of Altria Group in a report on Friday, May 26th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $71.00 target price on shares of Altria Group in a report on Friday, March 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Altria Group has an average rating of “Hold” and a consensus price target of $72.35.

In related news, Director George Munoz sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total value of $361,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dinyar S. Devitre sold 4,285 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $70.72, for a total value of $303,035.20. Following the completion of the sale, the director now owns 112,457 shares of the company’s stock, valued at $7,952,959.04. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Altria Group Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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