Motco Sells 213 Shares of Altria Group (MO)
Motco trimmed its holdings in shares of Altria Group (NYSE:MO) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,233 shares of the company’s stock after selling 213 shares during the period. Motco’s holdings in Altria Group were worth $5,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently added to or reduced their stakes in the company. Homrich & Berg boosted its holdings in shares of Altria Group by 1.5% in the 2nd quarter. Homrich & Berg now owns 24,407 shares of the company’s stock valued at $1,818,000 after buying an additional 362 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Altria Group by 3.1% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,784 shares of the company’s stock valued at $574,000 after buying an additional 231 shares in the last quarter. Bellwether Investment Group LLC boosted its holdings in shares of Altria Group by 0.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after buying an additional 12 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of Altria Group by 0.6% in the 2nd quarter. Capital Analysts LLC now owns 17,273 shares of the company’s stock valued at $1,286,000 after buying an additional 100 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its holdings in shares of Altria Group by 4.0% in the 2nd quarter. Mirador Capital Partners LP now owns 20,095 shares of the company’s stock valued at $1,317,000 after buying an additional 772 shares in the last quarter. Institutional investors and hedge funds own 62.29% of the company’s stock.
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A number of analysts have recently weighed in on MO shares. BidaskClub upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC set a $72.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research report on Friday. Vetr lowered shares of 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, November 13th. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Altria Group currently has a consensus rating of “Hold” and an average target price of $72.38.
Altria Group (MO) opened at $66.42 on Friday. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. 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 stock has a market cap of $125,710.00, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. equities analysts predict that Altria Group will post 3.28 earnings per share for the current fiscal year.
Altria Group announced that its Board of Directors has approved a share repurchase program on Thursday, July 27th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 0.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company 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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