Advisor Partners LLC Sells 3,356 Shares of Altria Group Inc (MO)
Advisor Partners LLC lessened its holdings in Altria Group Inc (NYSE:MO) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,692 shares of the company’s stock after selling 3,356 shares during the period. Altria Group makes up 0.8% of Advisor Partners LLC’s portfolio, making the stock its 22nd biggest position. Advisor Partners LLC owned about 3,337.82% of Altria Group worth $4,039,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Sterling Investment Advisors Ltd. increased its holdings in shares of Altria Group by 133.3% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after buying an additional 800 shares in the last quarter. Solaris Asset Management LLC increased its holdings 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 buying an additional 557 shares in the last quarter. CKW Financial Group acquired a new stake in shares of Altria Group during the second quarter worth approximately $109,000. Balentine LLC increased its holdings 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 buying an additional 357 shares in the last quarter. Finally, INR Advisory Services LLC acquired a new stake in shares of Altria Group during the second quarter worth approximately $134,000. 62.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Altria Group Inc (NYSE:MO) opened at $70.40 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The firm has a market cap of $134,340.00, a P/E ratio of 8.80, a P/E/G ratio of 2.65 and a beta of 0.62. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week high of $77.79.
Altria Group (NYSE:MO) last issued its quarterly earnings results 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. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. Altria Group’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. research analysts expect that Altria Group Inc will post 3.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.00%.
Several research firms have recently weighed in on MO. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective for the company. in a report on Monday, October 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 price objective on shares of Altria Group in a report on Tuesday, October 3rd. Cowen raised shares of Altria Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $64.00 to $71.00 in a report on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $72.87.
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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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