Doliver Capital Advisors LP Takes $2.93 Million Position in Altria Group (MO)
Doliver Capital Advisors LP purchased a new position in shares of Altria Group (NYSE:MO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 39,340 shares of the company’s stock, valued at approximately $2,930,000. Altria Group accounts for 1.4% of Doliver Capital Advisors LP’s holdings, making the stock its 4th largest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. British Columbia Investment Management Corp boosted its holdings in Altria Group by 17.0% in the first quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock valued at $61,261,000 after purchasing an additional 124,740 shares during the period. RNC Capital Management LLC boosted its holdings in Altria Group by 3.5% in the first quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock valued at $39,455,000 after purchasing an additional 18,855 shares during the period. Cedar Capital LLC boosted its holdings in Altria Group by 36.4% in the first quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock valued at $397,000 after purchasing an additional 1,484 shares during the period. Intrust Bank NA boosted its holdings in Altria Group by 3.1% in the first quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock valued at $1,665,000 after purchasing an additional 710 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its holdings in Altria Group by 9.2% in the first quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock valued at $1,275,000 after purchasing an additional 1,502 shares during the period. Institutional investors and hedge funds own 62.70% of the company’s stock.
Shares of Altria Group (NYSE:MO) opened at $71.54 on Friday. The stock has a market capitalization of $136,511.91, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. Altria Group has a fifty-two week low of $60.01 and a fifty-two week high of $77.79.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The company 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%. Altria Group’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. sell-side analysts predict that Altria Group will post 3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is 33.04%.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.
MO has been the subject of a number of recent research reports. Jefferies Group set a $72.00 target price on Altria Group and gave the company a “hold” rating in a report on Friday, November 17th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price for the company. in a report on Monday, November 13th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $76.00 target price on shares of Altria Group in a report on Friday, October 27th. Finally, BidaskClub lowered Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.90.
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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