YHB Investment Advisors Inc. lowered its position in Altria Group Inc (NYSE:MO) by 29.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,434 shares of the company’s stock after selling 1,839 shares during the period. YHB Investment Advisors Inc.’s holdings in Altria Group were worth $281,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of MO. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund boosted its stake in Altria Group by 84.6% in the 1st quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 56,101 shares of the company’s stock worth $4,007,000 after purchasing an additional 25,718 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in Altria Group by 0.5% in the 1st quarter. Cypress Wealth Advisors LLC now owns 37,713 shares of the company’s stock worth $2,693,000 after purchasing an additional 193 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Altria Group by 10.2% in the 1st quarter. Archford Capital Strategies LLC now owns 51,415 shares of the company’s stock worth $3,690,000 after purchasing an additional 4,752 shares in the last quarter. Kimelman & Baird LLC lifted its stake in Altria Group by 1.2% during the 1st quarter. Kimelman & Baird LLC now owns 4,900 shares of the company’s stock valued at $350,000 after acquiring an additional 58 shares during the period. Finally, Chemung Canal Trust Co. lifted its stake in Altria Group by 5.8% during the 1st quarter. Chemung Canal Trust Co. now owns 11,807 shares of the company’s stock valued at $844,000 after acquiring an additional 651 shares during the period. 62.64% of the stock is currently owned by hedge funds and other institutional investors.
Altria Group Inc (MO) opened at $68.92 on Wednesday. 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 Inc has a 12 month low of $60.01 and a 12 month high of $77.79. The stock has a market cap of $131,510.00, a price-to-earnings ratio of 8.62, a P/E/G ratio of 2.55 and a beta of 0.62.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. research analysts anticipate that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.00%.
Several analysts have commented on MO shares. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective for the company in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, October 11th. Citigroup decreased their price objective on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 30th. Cowen upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. Finally, Jefferies Group set a $72.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.87.
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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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