Halsey Associates Inc. CT reduced its stake in Altria Group Inc (NYSE:MO) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,725 shares of the company’s stock after selling 1,560 shares during the period. Halsey Associates Inc. CT’s holdings in Altria Group were worth $1,568,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in MO. Solaris Asset Management LLC grew its position in shares of Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after acquiring an additional 557 shares during the last quarter. CKW Financial Group purchased a new position in shares of Altria Group during the second quarter worth approximately $109,000. NewSquare Capital LLC grew its position in shares of Altria Group by 4,734.7% during the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after acquiring an additional 106,530 shares during the last quarter. Balentine LLC grew its position in shares of Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after acquiring an additional 357 shares during the last quarter. Finally, Northwest Investment Counselors LLC grew its position in shares of Altria Group by 557.0% during the third quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after acquiring an additional 1,543 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.
Altria Group Inc (NYSE MO) opened at $68.92 on Wednesday. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The firm has a market cap of $132,829.11, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.55 and a beta of 0.62.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm posted $0.82 EPS. Altria Group’s quarterly revenue was down 1.8% on a year-over-year basis. equities analysts anticipate that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.83%. Altria Group’s dividend payout ratio (DPR) is 33.04%.
A number of brokerages have recently issued reports on MO. Royal Bank of Canada restated a “hold” rating and set a $62.00 target price on shares of Altria Group in a research report on Tuesday, October 3rd. Vetr upgraded shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 target price on the stock in a research report on Thursday, December 28th. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Wells Fargo & Co raised their target price on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Finally, Berenberg Bank restated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.87.
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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.
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