Altria Group (MO) Holdings Cut by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas trimmed its position in Altria Group (NYSE:MO) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 244,970 shares of the company’s stock after selling 3,652 shares during the period. Altria Group comprises approximately 2.7% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 20th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Altria Group were worth $18,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Baystate Wealth Management LLC lifted its stake in shares of Altria Group by 0.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock valued at $270,000 after purchasing an additional 10 shares during the period. Strategic Financial Group LLC lifted its stake in shares of Altria Group by 0.4% in the 1st quarter. Strategic Financial Group LLC now owns 3,293 shares of the company’s stock valued at $235,000 after purchasing an additional 14 shares during the period. Lafayette Investments Inc. lifted its stake in shares of Altria Group by 0.7% in the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock valued at $276,000 after purchasing an additional 25 shares during the period. AT Bancorp lifted its stake in shares of Altria Group by 0.3% in the 1st quarter. AT Bancorp now owns 10,545 shares of the company’s stock valued at $753,000 after purchasing an additional 29 shares during the period. Finally, JJJ Advisors Inc. lifted its stake in shares of Altria Group by 0.8% in the 1st quarter. JJJ Advisors Inc. now owns 3,702 shares of the company’s stock valued at $264,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 62.29% of the company’s stock.

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In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Several brokerages recently commented on MO. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price objective on the stock. in a research note on Monday. Jefferies Group LLC reaffirmed a “hold” rating and set a $70.00 price objective (down previously from $71.00) on shares of Altria Group in a research note on Monday, July 17th. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. UBS AG reiterated a “hold” rating on shares of Altria Group in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies set a $76.00 target price on Altria Group and gave the stock a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $72.04.

Shares of Altria Group (NYSE:MO) opened at $65.84 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. The firm has a market cap of $124,070.50, a P/E ratio of 20.58, a PEG ratio of 2.66 and a beta of 0.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. analysts predict that Altria Group will post 3.28 EPS for the current year.

Altria Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Altria Group 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.

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

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