Altria Group (MO) Position Held by USA Mutuals Advisors Inc.
USA Mutuals Advisors Inc. maintained its position in Altria Group (NYSE:MO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,300 shares of the company’s stock at the end of the second quarter. Altria Group makes up about 7.0% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its biggest position. USA Mutuals Advisors Inc.’s holdings in Altria Group were worth $12,682,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cadinha & Co. LLC lifted its position in shares of Altria Group by 34.8% during the second quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after purchasing an additional 2,401 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in shares of Altria Group by 164.9% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock worth $18,149,000 after purchasing an additional 152,121 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Altria Group during the second quarter worth about $1,120,000. Teacher Retirement System of Texas lifted its position in shares of Altria Group by 4.6% during the second quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after purchasing an additional 76,988 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of Altria Group by 10.3% during the first quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after purchasing an additional 14,444 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the stock. Vetr cut shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price target on the stock. in a research report on Monday. Royal Bank of Canada reissued a “hold” rating and set a $62.00 price target on shares of Altria Group in a research report on Tuesday, October 3rd. Jefferies Group set a $67.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research note on Thursday, August 24th. Berenberg Bank restated a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Finally, UBS cut their target price on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.64.
Altria Group (NYSE MO) traded down $0.53 during mid-day trading on Friday, hitting $71.79. 9,072,600 shares of the company were exchanged, compared to its average volume of 6,800,430. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The stock has a market capitalization of $138,000.30, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.95 and a beta of 0.62.
Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. sell-side analysts forecast that Altria Group will post 3.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be paid a $0.66 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.68%. Altria Group’s dividend payout ratio is currently 33.04%.
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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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