AT Bancorp increased its position in shares of Altria Group (NYSE:MO) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 10,545 shares of the company’s stock after buying an additional 29 shares during the period. AT Bancorp’s holdings in Altria Group were worth $753,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Soros Fund Management LLC acquired a new stake in shares of Altria Group during the fourth quarter valued at $352,000. Hartford Financial Management Inc. increased its stake in shares of Altria Group by 25.4% in the first quarter. Hartford Financial Management Inc. now owns 4,542 shares of the company’s stock valued at $324,000 after buying an additional 920 shares in the last quarter. LGL Partners LLC increased its stake in shares of Altria Group by 1.0% in the fourth quarter. LGL Partners LLC now owns 4,260 shares of the company’s stock valued at $288,000 after buying an additional 42 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Altria Group by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,691,362 shares of the company’s stock valued at $120,797,000 after buying an additional 40,895 shares in the last quarter. Finally, Washington Trust Bank increased its stake in shares of Altria Group by 495.6% in the first quarter. Washington Trust Bank now owns 105,680 shares of the company’s stock valued at $7,548,000 after buying an additional 87,937 shares in the last quarter. 61.99% of the stock is currently owned by institutional investors.
Shares of Altria Group (NYSE MO) opened at 72.64 on Tuesday. Altria Group has a 12-month low of $60.82 and a 12-month high of $77.79. The company’s 50 day moving average price is $74.97 and its 200-day moving average price is $72.98. The firm has a market cap of $140.85 billion, a P/E ratio of 9.83 and a beta of 0.64.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by $0.01. Altria Group had a return on equity of 76.43% and a net margin of 55.99%. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Altria Group will post $3.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 15th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.36%. Altria Group’s payout ratio is 33.02%.
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Several brokerages have weighed in on MO. Vetr raised Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price target for the company in a report on Monday, April 3rd. Cowen and Company reissued a “hold” rating and issued a $74.00 price target on shares of Altria Group in a report on Tuesday, July 11th. Piper Jaffray Companies began coverage on Altria Group in a report on Wednesday, May 24th. They issued an “overweight” rating and a $76.00 price target for the company. Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $70.00 price target (down previously from $71.00) on shares of Altria Group in a report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $72.34.
In other news, Director Dinyar S. Devitre sold 4,285 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was 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 directly owns 112,457 shares of the company’s stock, valued at approximately $7,952,959.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Munoz sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.
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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