LaSalle Street Capital Management LLC maintained its position in Altria Group (NYSE:MO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,700 shares of the company’s stock at the end of the 2nd quarter. Altria Group accounts for approximately 1.4% of LaSalle Street Capital Management LLC’s holdings, making the stock its 27th largest position. LaSalle Street Capital Management LLC’s holdings in Altria Group were worth $1,765,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. boosted its position in Altria Group by 133.3% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after acquiring an additional 800 shares during the last quarter. Solaris Asset Management LLC boosted its position in Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after acquiring an additional 557 shares during the last quarter. CKW Financial Group acquired a new position in Altria Group during the second quarter worth about $109,000. Perigon Wealth Management LLC boosted its position in Altria Group by 4.7% during the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after acquiring an additional 74 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in Altria Group by 97.4% during the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after acquiring an additional 821 shares during the last quarter. 62.70% of the stock is owned by institutional investors and hedge funds.
MO has been the topic of a number of recent research reports. Jefferies Group set a $67.00 price target on shares of Altria Group and gave the stock a “hold” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a report on Wednesday, September 6th. Cowen reiterated a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of Altria Group in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Altria Group currently has a consensus rating of “Hold” and an average price target of $72.90.
Altria Group (NYSE:MO) traded up $1.48 during trading on Thursday, hitting $71.66. 9,716,700 shares of the stock were exchanged, compared to its average volume of 6,807,555. The stock has a market cap of $133,916.77, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79. 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 (NYSE:MO) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. equities research analysts forecast that Altria Group will post 3.28 earnings per share for the current year.
The business 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 is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is 33.04%.
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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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