Bronfman E.L. Rothschild L.P. boosted its stake in shares of Altria Group (NYSE:MO) by 30.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,200 shares of the company’s stock after buying an additional 9,405 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Altria Group were worth $2,994,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Baystate Wealth Management LLC grew its position in Altria Group by 0.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock valued at $270,000 after acquiring an additional 10 shares during the last quarter. Bellwether Investment Group LLC grew its position in shares of Altria Group by 0.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock worth $331,000 after buying an additional 12 shares in the last quarter. Lafayette Investments Inc. grew its position in shares of Altria Group by 0.7% during the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock worth $276,000 after buying an additional 25 shares in the last quarter. JJJ Advisors Inc. boosted its position in Altria Group by 0.8% during the first quarter. JJJ Advisors Inc. now owns 3,702 shares of the company’s stock valued at $264,000 after purchasing an additional 29 shares in the last quarter. Finally, AT Bancorp boosted its position in Altria Group by 0.3% during the first quarter. AT Bancorp now owns 10,545 shares of the company’s stock valued at $753,000 after purchasing an additional 29 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors.
In other news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.
A number of research firms have commented on MO. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $71.65 price target for the company. in a research note on Monday. Jefferies Group set a $72.00 price objective on Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a research note on Friday, October 27th. UBS restated a “hold” rating on shares of Altria Group in a research note on Tuesday, August 8th. Finally, Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $72.90.
Shares of Altria Group (MO) traded up $1.48 on Wednesday, reaching $71.66. The company’s stock had a trading volume of 9,713,258 shares, compared to its average volume of 6,807,521. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group has a one year low of $60.01 and a one year high of $77.79. The firm has a market capitalization of $133,725.95, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.86 and a beta of 0.62.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. Altria Group’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. analysts anticipate that Altria Group will post 3.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio is presently 33.04%.
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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