Azimuth Capital Management LLC Has $840,000 Stake in Altria Group Inc (MO)

Azimuth Capital Management LLC lowered its stake in Altria Group Inc (NYSE:MO) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,427 shares of the company’s stock after selling 425 shares during the period. Azimuth Capital Management LLC’s holdings in Altria Group were worth $840,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MO. Integrated Wealth Counsel LLC boosted its stake in Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares in the last quarter. CLS Investments LLC boosted its stake in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock valued at $120,000 after buying an additional 1,272 shares in the last quarter. Timber Creek Capital Management LLC bought a new stake in Altria Group during the third quarter valued at about $113,000. Isthmus Partners LLC boosted its stake in Altria Group by 37.8% in the third quarter. Isthmus Partners LLC now owns 1,822 shares of the company’s stock valued at $114,000 after buying an additional 500 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock valued at $136,000 after buying an additional 65 shares in the last quarter. 60.77% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

Altria Group Inc (NYSE:MO) opened at 75.58 on Tuesday. Altria Group Inc has a 12 month low of $59.48 and a 12 month high of $76.54. The firm has a market capitalization of $146.63 billion, a PE ratio of 10.38 and a beta of 0.61. The firm’s 50-day moving average is $73.71 and its 200-day moving average is $67.30.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. On average, equities research analysts expect that Altria Group Inc will post $3.30 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $2.44 annualized dividend and a yield of 3.23%. Altria Group’s payout ratio is presently 33.47%.

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Several equities research analysts recently issued reports on MO shares. Bank of America Corp raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $70.00 to $75.00 in a research report on Wednesday, January 4th. Morgan Stanley reissued an “equal weight” rating and issued a $65.00 target price on shares of Altria Group in a research report on Tuesday, November 29th. Jefferies Group LLC set a $71.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research report on Friday, February 17th. Argus raised their target price on shares of Altria Group from $73.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, Vetr cut shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.75 target price on the stock. in a research report on Monday, January 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $71.37.

Altria Group Company 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.

5 Day Chart for NYSE:MO

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