Teachers Advisors LLC cut its position in Altria Group (NYSE:MO) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,722,555 shares of the company’s stock after selling 9,468 shares during the quarter. Teachers Advisors LLC owned about 0.14% of Altria Group worth $202,749,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. lifted its holdings in Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares during the last quarter. Solaris Asset Management LLC lifted its holdings in Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after purchasing an additional 557 shares during the last quarter. CKW Financial Group acquired a new stake in Altria Group during the 2nd quarter valued at $109,000. Perigon Wealth Management LLC lifted its holdings in Altria Group by 4.7% during the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after purchasing an additional 74 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Altria Group by 97.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after purchasing an additional 821 shares during the last quarter. 62.70% of the stock is owned by institutional investors and hedge funds.
Shares of Altria Group (MO) traded up $1.50 during midday trading on Tuesday, hitting $70.08. The company had a trading volume of 9,630,800 shares, compared to its average volume of 6,788,101. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a market capitalization of $130,863.67, a PE ratio of 21.70, a P/E/G ratio of 2.80 and a beta of 0.62.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the business earned $0.82 earnings per share. Altria Group’s revenue was down 1.8% on a year-over-year basis. research analysts anticipate that Altria Group will post 3.28 earnings per share for the current year.
In related news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.
MO has been the subject of a number of research reports. Vetr downgraded Altria Group from a “buy” rating to a “hold” rating and set a $71.65 target price for the company. in a report on Monday. Jefferies Group set a $72.00 target price on Altria Group and gave the stock a “hold” rating in a report on Friday, November 17th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Finally, Berenberg Bank reissued a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Altria Group presently has a consensus rating of “Hold” and an average target price of $72.90.
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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