Capital Planning Advisors LLC Has $3.91 Million Stake in Altria Group (MO)
Capital Planning Advisors LLC reduced its holdings in shares of Altria Group (NYSE:MO) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,530 shares of the company’s stock after selling 7,273 shares during the quarter. Altria Group makes up 1.7% of Capital Planning Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Capital Planning Advisors LLC’s holdings in Altria Group were worth $3,912,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MO. Swiss National Bank boosted its position in shares of Altria Group by 25.1% during the 1st 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 position in shares of Altria Group during the 1st quarter worth about $104,292,000. Prudential Financial Inc. boosted its position in shares of 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 acquiring an additional 1,040,250 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of 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 acquiring an additional 787,000 shares in the last quarter. Finally, State Street Corp boosted its position in shares of 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 acquiring an additional 687,246 shares in the last quarter. 62.29% of the stock is owned by institutional investors and hedge funds.
Shares of Altria Group (MO) opened at $65.73 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The company has a market capitalization of $125,430.00, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60. Altria Group has a one year low of $60.01 and a one year high of $77.79.
Altria Group (NYSE:MO) last posted its quarterly earnings data 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 firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS. equities research analysts predict that Altria Group will post 3.28 earnings per share for the current year.
Altria Group announced that its board has approved a stock buyback plan on Thursday, July 27th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 0.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the company’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 transaction of $1,959,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.
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Several research firms have recently issued reports on MO. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price objective for the company. in a research report on Monday. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Finally, Citigroup Inc. lowered their price objective on Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $72.04.
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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