Altria Group (MO) Position Held by Boyar Asset Management Inc.
Boyar Asset Management Inc. maintained its position in shares of Altria Group (NYSE:MO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,920 shares of the company’s stock at the close of the second quarter. Boyar Asset Management Inc.’s holdings in Altria Group were worth $366,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. lifted its stake in shares of Altria Group by 133.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after purchasing an additional 800 shares during the period. Solaris Asset Management LLC lifted its stake in shares of Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares during the period. CKW Financial Group bought a new position in shares of Altria Group in the 2nd quarter worth approximately $109,000. Perigon Wealth Management LLC lifted its stake in shares of Altria Group by 4.7% in the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after purchasing an additional 74 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in shares of Altria Group by 97.4% in the 1st quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after purchasing an additional 821 shares during the period. Institutional investors and hedge funds own 62.37% of the company’s stock.
Altria Group (NYSE MO) traded down $0.01 during trading on Friday, reaching $65.48. 2,075,649 shares of the company traded hands, compared to its average volume of 5,864,178. The stock has a market cap of $124,967.35, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. Altria Group has a one year low of $60.01 and a one year high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) 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 business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm posted $0.82 EPS. The company’s revenue was down 1.8% on a year-over-year basis. analysts predict that Altria Group will post 3.28 EPS for the current fiscal year.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.
MO has been the subject of several analyst reports. Jefferies Group LLC set a $72.00 target price on shares of Altria Group and gave the stock a “hold” rating in a report on Friday, November 17th. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price for the company. in a report on Monday, November 13th. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Finally, Berenberg Bank reissued a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $72.38.
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Altria Group 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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