Altria Group (MO) Position Maintained by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. maintained its stake in shares of Altria Group (NYSE:MO) during the second quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the company’s stock at the end of the second quarter. Icon Advisers Inc. Co.’s holdings in Altria Group were worth $690,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of MO. CENTRAL TRUST Co purchased a new stake in shares of Altria Group during the first quarter worth approximately $11,704,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Altria Group by 14.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 445,228 shares of the company’s stock worth $27,898,000 after buying an additional 57,377 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in shares of Altria Group by 8.5% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 476,709 shares of the company’s stock worth $29,871,000 after buying an additional 37,239 shares during the period. LifePlan Financial Group Inc raised its stake in shares of Altria Group by 10.9% in the first quarter. LifePlan Financial Group Inc now owns 4,056 shares of the company’s stock worth $254,000 after buying an additional 398 shares during the period. Finally, Atalanta Sosnoff Capital LLC raised its stake in shares of Altria Group by 1,895.8% in the first quarter. Atalanta Sosnoff Capital LLC now owns 589,085 shares of the company’s stock worth $36,912,000 after buying an additional 559,569 shares during the period. Institutional investors own 61.29% of the company’s stock.
Altria Group (NYSE:MO) traded up 0.33% during trading on Wednesday, hitting $63.18. The stock had a trading volume of 2,338,723 shares. The firm has a 50 day moving average price of $65.74 and a 200-day moving average price of $64.93. The firm has a market capitalization of $123.45 billion, a PE ratio of 21.94 and a beta of 0.48. Altria Group has a 1-year low of $53.68 and a 1-year high of $70.15.
Altria Group (NYSE:MO) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. The company had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Altria Group had a net margin of 22.05% and a return on equity of 198.82%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, equities research analysts expect that Altria Group will post $3.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, September 13th. This is a boost from Altria Group’s previous quarterly dividend of $0.57. Altria Group’s dividend payout ratio is 84.72%.
MO has been the topic of a number of research reports. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $72.13 price target on the stock in a report on Wednesday, May 25th. Berenberg Bank initiated coverage on Altria Group in a report on Tuesday, June 14th. They issued a “buy” rating and a $74.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $71.00 price target (up from $65.00) on shares of Altria Group in a report on Monday, June 27th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $69.00 target price (up previously from $64.00) on shares of Altria Group in a research report on Friday, July 15th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.45.
In related news, SVP Charles N. Whitaker sold 11,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $66.53, for a total value of $731,830.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP James E. Dillard III sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total transaction of $600,120.00. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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