Keel Point LLC decreased its position in shares of Altria Group (NYSE:MO) by 0.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,656 shares of the company’s stock after selling 29 shares during the period. Keel Point LLC’s holdings in Altria Group were worth $404,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Advantage Investment Management LLC boosted its position in Altria Group by 1.9% in the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock worth $125,000 after buying an additional 32 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new position in Altria Group during the first quarter worth about $134,000. Acropolis Investment Management LLC boosted its position in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position 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 worth $191,000 after buying an additional 1,351 shares in the last quarter. Finally, Mascoma Wealth Management LLC boosted its position in Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock worth $193,000 after buying an additional 8 shares in the last quarter. 62.47% of the stock is owned by institutional investors.
Shares of Altria Group (NYSE:MO) traded down 0.26% on Thursday, hitting $65.14. 1,208,942 shares of the company traded hands. The stock’s 50-day moving average price is $72.04 and its 200-day moving average price is $72.83. The company has a market capitalization of $125.59 billion, a PE ratio of 8.59 and a beta of 0.61. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.01. The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $5.02 billion. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, equities analysts predict that Altria Group will post $3.26 earnings per share for the current year.
Altria Group declared that its Board of Directors has approved 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 stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
A number of research firms have issued reports on MO. Cowen and Company set a $78.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Friday, July 28th. Berenberg Bank set a $72.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Sunday. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $80.18 price target for the company in a report on Tuesday, May 16th. UBS AG decreased their price target on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, July 31st. Finally, Stifel Nicolaus decreased their price target on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating for the company in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.66.
In other Altria Group 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 transaction of $361,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.
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.
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