Segment Wealth Management LLC lessened its holdings in shares of Altria Group Inc (NYSE:MO) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 81,074 shares of the company’s stock after selling 3,346 shares during the period. Segment Wealth Management LLC’s holdings in Altria Group were worth $4,004,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of MO. Clean Yield Group acquired a new stake in Altria Group in the fourth quarter valued at approximately $32,000. Massey Quick Simon & CO. LLC grew its position in Altria Group by 631.3% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,097 shares of the company’s stock valued at $54,000 after acquiring an additional 947 shares in the last quarter. Alpha Windward LLC grew its position in Altria Group by 1,556.7% in the fourth quarter. Alpha Windward LLC now owns 1,110 shares of the company’s stock valued at $55,000 after acquiring an additional 1,043 shares in the last quarter. Atlas Capital Advisors LLC grew its position in Altria Group by 94.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 3,135 shares of the company’s stock valued at $155,000 after acquiring an additional 1,520 shares in the last quarter. Finally, First Command Bank grew its position in Altria Group by 15.2% in the fourth quarter. First Command Bank now owns 3,169 shares of the company’s stock valued at $156,000 after acquiring an additional 417 shares in the last quarter. 65.70% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on MO. Argus increased their price objective on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, October 29th. ValuEngine raised shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Sanford C. Bernstein began coverage on shares of Altria Group in a research report on Tuesday, October 16th. They issued a “market perform” rating for the company. Piper Jaffray Companies set a $75.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating on shares of Altria Group in a research report on Monday, November 12th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $66.71.
Altria Group (NYSE:MO) last released its earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. During the same period in the prior year, the business posted $0.91 EPS. As a group, analysts forecast that Altria Group Inc will post 4.2 earnings per share for the current year.
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Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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