Barton Investment Management Maintains Position in Altria Group (MO)
Barton Investment Management maintained its stake in Altria Group (NYSE:MO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,740 shares of the company’s stock at the end of the first quarter. Barton Investment Management’s holdings in Altria Group were worth $481,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Advantage Investment Management LLC acquired a new stake in Altria Group during the fourth quarter worth approximately $116,000. CLS Investments LLC increased its stake in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock worth $120,000 after buying an additional 1,272 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in Altria Group during the first quarter worth approximately $134,000. Acropolis Investment Management LLC increased its stake in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock worth $136,000 after buying an additional 65 shares during the period. 63.38% of the stock is owned by institutional investors.
Shares of Altria Group (MO) opened at 77.28 on Friday. The stock has a market cap of $149.85 billion, a PE ratio of 10.46 and a beta of 0.66. Altria Group has a 52-week low of $60.82 and a 52-week high of $77.29. The company’s 50-day moving average price is $72.97 and its 200-day moving average price is $71.42.
Altria Group (NYSE:MO) last announced its earnings results on Tuesday, May 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.63 billion. Altria Group had a return on equity of 76.43% and a net margin of 55.99%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Analysts expect that Altria Group will post $3.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Tuesday, June 13th. Altria Group’s dividend payout ratio (DPR) is presently 33.02%.
A number of research analysts have recently weighed in on MO shares. Royal Bank Of Canada cut Altria Group from a “sector perform” rating to an “underperform” rating and set a $62.00 price target for the company. in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price target on shares of Altria Group in a research report on Friday, March 24th. Vetr upgraded Altria Group from a “sell” rating to a “hold” rating and set a $74.25 price target for the company in a research report on Monday, March 27th. Barclays PLC restated an “equal weight” rating and issued a $74.00 price target on shares of Altria Group in a research report on Wednesday, March 29th. Finally, Zacks Investment Research cut Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $72.35.
In other news, Director Dinyar S. Devitre sold 4,285 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $70.72, for a total transaction of $303,035.20. Following the sale, the director now directly owns 112,457 shares of the company’s stock, valued at $7,952,959.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Munoz sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total value of $361,750.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.
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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