Altria Group (MO) Shares Bought by Calamos Wealth Management LLC
Calamos Wealth Management LLC increased its stake in Altria Group (NYSE:MO) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,167 shares of the company’s stock after purchasing an additional 977 shares during the quarter. Altria Group comprises about 1.0% of Calamos Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Calamos Wealth Management LLC’s holdings in Altria Group were worth $6,789,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Swiss National Bank raised its position in Altria Group by 25.1% in the first quarter. Swiss National Bank now owns 7,486,394 shares of the company’s stock worth $534,678,000 after acquiring an additional 1,501,400 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Altria Group during the 1st quarter worth about $104,292,000. Prudential Financial Inc. raised its holdings in Altria Group by 26.6% during the 2nd quarter. Prudential Financial Inc. now owns 4,957,386 shares of the company’s stock worth $369,177,000 after buying an additional 1,040,250 shares during the period. Canada Pension Plan Investment Board raised its holdings in Altria Group by 20.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,586,398 shares of the company’s stock worth $341,549,000 after buying an additional 787,000 shares during the period. Finally, State Street Corp raised its holdings in Altria Group by 0.9% during the 1st quarter. State Street Corp now owns 74,624,722 shares of the company’s stock worth $5,329,771,000 after buying an additional 687,246 shares during the period. 62.37% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. UBS AG reaffirmed a “hold” rating on shares of Altria Group in a research note on Tuesday, August 8th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $79.51 target price on the stock in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 target price on shares of Altria Group in a research note on Tuesday, October 3rd. Finally, Cowen Inc raised Altria Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $72.38.
In related news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.
Shares of Altria Group (MO) opened at $65.48 on Friday. The company has a market capitalization of $124,948.28, a P/E ratio of 20.72, a P/E/G ratio of 2.67 and a beta of 0.60. Altria Group has a 12 month low of $60.01 and a 12 month 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 results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. research analysts expect that Altria Group will post 3.28 earnings per share for the current year.
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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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