Altria Group (MO) Shares Sold by Osborn Williams & Donohoe LLC
Osborn Williams & Donohoe LLC decreased its stake in shares of Altria Group (NYSE:MO) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,449 shares of the company’s stock after selling 68 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Altria Group were worth $1,150,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Sterling Investment Advisors Ltd. raised its stake in shares of Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after buying an additional 800 shares during the last quarter. Perigon Wealth Management LLC increased its position in Altria Group by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after buying an additional 74 shares during the period. Proficio Capital Partners LLC increased its position in Altria Group by 97.4% in the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after buying an additional 821 shares during the period. Advantage Investment Management LLC increased its position in Altria Group by 1.9% in the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock worth $125,000 after buying an additional 32 shares during the period. Finally, Feltz Wealth PLAN Inc. purchased a new position in Altria Group during the first quarter worth $134,000. Institutional investors own 62.39% of the company’s stock.
Shares of Altria Group (MO) traded down 0.20% during mid-day trading on Wednesday, hitting $65.17. The stock had a trading volume of 2,027,872 shares. The firm has a market cap of $125.65 billion, a PE ratio of 8.59 and a beta of 0.61. The stock’s 50-day moving average price is $70.68 and its 200-day moving average price is $72.67. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.01. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Altria Group will post $3.26 earnings per share for the current fiscal year.
Altria Group declared that its Board of Directors has authorized a share repurchase program on Thursday, July 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 0.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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A number of research analysts recently weighed in on the company. Berenberg Bank set a $72.00 price target on Altria Group and gave the stock a “hold” rating in a research note on Sunday, August 6th. BidaskClub raised Altria Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $79.51 price target on the stock in a research note on Monday, July 31st. UBS AG dropped their price target on Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 31st. Finally, Stifel Nicolaus dropped their price target on Altria Group from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $72.66.
In related news, CEO Martin J. Barrington sold 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $65.03, for a total value of $994,959.00. Following the completion of the transaction, the chief executive officer now directly owns 701,074 shares in the company, valued at approximately $45,590,842.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George Munoz sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total transaction of $361,750.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.
Altria Group Company 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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