Edmond DE Rothschild Holding S.A. Has $15.09 Million Stake in Altria Group (MO)

Edmond DE Rothschild Holding S.A. lowered its stake in Altria Group (NYSE:MO) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 211,301 shares of the company’s stock after selling 2,991 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Altria Group were worth $15,091,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MO. Advantage Investment Management LLC boosted its stake in Altria Group by 1.9% in the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock valued at $125,000 after buying an additional 32 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in Altria Group during the first quarter valued at about $134,000. Acropolis Investment Management LLC boosted its stake in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock valued at $138,000 after buying an additional 5 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Altria Group by 102.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,669 shares of the company’s stock valued at $191,000 after buying an additional 1,351 shares during the period. Finally, Mascoma Wealth Management LLC boosted its stake in Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock valued at $193,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 62.47% of the company’s stock.

Altria Group (MO) traded down 0.24% on Thursday, reaching $65.15. The company’s stock had a trading volume of 1,053,446 shares. The company has a market capitalization of $125.61 billion, a price-to-earnings ratio of 8.59 and a beta of 0.61. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The stock has a 50 day moving average price of $72.04 and a 200-day moving average price of $72.83.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $5.02 billion. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. Equities analysts predict that Altria Group will post $3.26 earnings per share for the current fiscal year.

Altria Group declared that its board has authorized a share buyback program on Thursday, July 27th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 0.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several research firms have recently issued reports on MO. Cowen and Company set a $78.00 price objective on Altria Group and gave the stock a “hold” rating in a report on Friday, July 28th. Berenberg Bank set a $72.00 price objective on Altria Group and gave the stock a “hold” rating in a report on Sunday. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $80.18 price objective on the stock in a report on Tuesday, May 16th. UBS AG decreased their price objective on Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, July 31st. Finally, Stifel Nicolaus decreased their price objective on Altria Group from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Altria Group currently has a consensus rating of “Hold” and a consensus target price of $72.66.

In related news, Director George Munoz sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate 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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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