Two Sigma Securities LLC Has $1.52 Million Stake in Altria Group (NYSE:MO)
Two Sigma Securities LLC raised its stake in Altria Group (NYSE:MO) by 65.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,277 shares of the company’s stock after buying an additional 8,442 shares during the period. Two Sigma Securities LLC’s holdings in Altria Group were worth $1,520,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MO. Park National Corp OH boosted its position in Altria Group by 6.8% in the first quarter. Park National Corp OH now owns 29,973 shares of the company’s stock valued at $2,140,000 after buying an additional 1,906 shares in the last quarter. Wsfs Capital Management LLC acquired a new position in Altria Group during the fourth quarter valued at about $212,000. Searle & CO. acquired a new position in Altria Group during the fourth quarter valued at about $2,214,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Altria Group during the fourth quarter valued at about $4,270,000. Finally, Kentucky Retirement Systems acquired a new position in Altria Group during the fourth quarter valued at about $9,570,000. 62.47% of the stock is owned by institutional investors and hedge funds.
Altria Group (NYSE:MO) traded down 0.100% during mid-day trading on Friday, hitting $64.705. The stock had a trading volume of 2,221,807 shares. The firm has a market cap of $124.75 billion, a PE ratio of 8.533 and a beta of 0.61. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a 50-day moving average of $71.69 and a 200-day moving average of $72.77.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.01. The business 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%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Analysts expect that Altria Group will post $3.26 earnings per share for the current year.
Altria Group declared that its board has authorized a stock 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 repurchase up to 0.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Several research firms have recently issued reports on MO. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $80.38 price objective for the company. in a research report on Monday, June 19th. BidaskClub raised Altria Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “sell” rating and set a $62.00 price objective on shares of Altria Group in a research report on Friday, May 26th. Piper Jaffray Companies set a $76.00 price objective on Altria Group and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Cowen and Company set a $78.00 price objective on Altria Group and gave the stock a “hold” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Altria Group presently has an average rating of “Hold” and an average price target of $72.66.
In other news, Director George Munoz sold 5,000 shares of Altria Group stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total transaction of $361,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.
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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