Green Square Capital LLC Has $5.95 Million Position in Altria Group (MO)
Green Square Capital LLC boosted its position in shares of Altria Group (NYSE:MO) by 22.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,598 shares of the company’s stock after buying an additional 15,138 shares during the period. Green Square Capital LLC’s holdings in Altria Group were worth $5,950,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. increased its position 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 worth $100,000 after buying an additional 800 shares during the period. Advantage Investment Management LLC increased its position in shares of 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. Feltz Wealth PLAN Inc. purchased a new position in shares of Altria Group during the first quarter worth approximately $134,000. Acropolis Investment Management LLC increased its position in shares of 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, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Altria Group by 102.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,669 shares of the company’s stock worth $191,000 after buying an additional 1,351 shares during the period. 62.39% of the stock is owned by institutional investors.
Shares of Altria Group (NYSE MO) traded up 0.536% during mid-day trading on Monday, reaching $64.655. 1,039,546 shares of the company’s stock traded hands. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a market cap of $124.65 billion, a P/E ratio of 8.526 and a beta of 0.61. The firm has a 50-day moving average of $71.34 and a 200 day moving average of $72.73.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $5.02 billion. Altria Group had a net margin of 56.98% and a return on equity of 59.50%. Altria Group’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. Equities analysts forecast that Altria Group will post $3.26 EPS for the current year.
Altria Group declared that its Board of Directors has authorized a share repurchase program on Thursday, July 27th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 0.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of research analysts have recently commented on the stock. Cowen and Company set a $78.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research report on Friday, July 28th. Berenberg Bank set a $72.00 target price on shares of Altria Group and gave the stock a “hold” rating in a report on Sunday, August 6th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $80.18 target price for the company in a report on Tuesday, May 16th. UBS AG reduced their target price on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, July 31st. Finally, Stifel Nicolaus reduced their target price on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating for the company in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $72.66.
In related news, Director George Munoz sold 5,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total transaction of $361,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.
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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