Day & Ennis LLC boosted its position in Altria Group (NYSE:MO) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,299 shares of the company’s stock after buying an additional 332 shares during the period. Day & Ennis LLC’s holdings in Altria Group were worth $307,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Acropolis Investment Management LLC boosted 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. Mascoma Wealth Management LLC boosted its stake in shares of Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock worth $193,000 after buying an additional 8 shares in the last quarter. HM Capital Management LLC boosted its stake in shares of Altria Group by 0.3% in the first quarter. HM Capital Management LLC now owns 3,435 shares of the company’s stock worth $245,000 after buying an additional 9 shares in the last quarter. Strategic Financial Group LLC boosted its stake in shares of Altria Group by 0.4% in the first quarter. Strategic Financial Group LLC now owns 3,293 shares of the company’s stock worth $235,000 after buying an additional 14 shares in the last quarter. Finally, Lafayette Investments Inc. boosted its stake in shares of Altria Group by 0.7% in the first quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock worth $276,000 after buying an additional 25 shares in the last quarter. Institutional investors own 62.47% of the company’s stock.
Shares of Altria Group (NYSE:MO) traded down 0.71% on Friday, reaching $64.31. 7,275,652 shares of the company’s stock traded hands. Altria Group has a one year low of $60.01 and a one year high of $77.79. The company’s 50-day moving average price is $71.34 and its 200 day moving average price is $72.73. The firm has a market cap of $123.99 billion, a P/E ratio of 8.48 and a beta of 0.61.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Altria Group had a net margin of 56.98% and a return on equity of 59.50%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Altria Group will post $3.26 EPS for the current fiscal year.
Altria Group declared that its Board of Directors has approved a stock buyback plan on Thursday, July 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Cowen and Company restated a “hold” rating and set a $74.00 price objective on shares of Altria Group in a report on Tuesday, July 11th. Piper Jaffray Companies assumed coverage on Altria Group in a report on Wednesday, May 24th. They set an “overweight” rating and a $76.00 price objective for the company. BidaskClub cut Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $70.00 price objective (down previously from $71.00) on shares of Altria Group in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Altria Group currently has an average rating of “Hold” and an average target price of $72.66.
In other Altria Group news, Director George Munoz sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.
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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