ClariVest Asset Management LLC Has $437,000 Position in Altria Group (MO)
ClariVest Asset Management LLC boosted its position in shares of Altria Group (NYSE:MO) by 15.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,340 shares of the company’s stock after buying an additional 860 shares during the period. ClariVest Asset Management LLC’s holdings in Altria Group were worth $437,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. First PREMIER Bank bought a new stake in Altria Group during the second quarter valued at approximately $103,000. CapWealth Advisors LLC boosted its stake in Altria Group by 6.3% in the first quarter. CapWealth Advisors LLC now owns 2,073 shares of the company’s stock valued at $130,000 after buying an additional 123 shares during the period. Adirondack Trust Co. boosted its stake in Altria Group by 3.1% in the second quarter. Adirondack Trust Co. now owns 2,808 shares of the company’s stock valued at $194,000 after buying an additional 85 shares during the period. Barnett & Company Inc. bought a new stake in Altria Group during the first quarter valued at approximately $180,000. Finally, Baker Boyer National Bank bought a new stake in Altria Group during the second quarter valued at approximately $207,000. Institutional investors own 61.24% of the company’s stock.
Altria Group (NYSE:MO) traded up 0.37% during mid-day trading on Tuesday, reaching $62.66. The company had a trading volume of 3,622,539 shares. The stock’s 50-day moving average is $63.60 and its 200 day moving average is $65.00. Altria Group has a 12 month low of $56.15 and a 12 month high of $70.15. The firm has a market capitalization of $122.44 billion, a P/E ratio of 21.76 and a beta of 0.52.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. The firm earned $6.52 billion during the quarter, compared to the consensus estimate of $5.01 billion. Altria Group had a return on equity of 198.82% and a net margin of 22.05%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. On average, analysts predict that Altria Group will post $3.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Thursday, September 15th were paid a dividend of $0.61 per share. This is an increase from Altria Group’s previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Tuesday, September 13th. Altria Group’s dividend payout ratio is presently 84.72%.
Several research firms have recently commented on MO. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.90 price target for the company. in a research note on Tuesday, September 13th. Jefferies Group began coverage on Altria Group in a research note on Wednesday, September 21st. They set a “hold” rating and a $70.00 price target for the company. Goldman Sachs Group Inc. restated a “neutral” rating and set a $69.00 price target (up previously from $64.00) on shares of Altria Group in a research note on Friday, July 15th. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Thursday, August 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $71.00 price target (up previously from $65.00) on shares of Altria Group in a research note on Monday, June 27th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $69.36.
In other news, SVP James E. Dillard III sold 9,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $66.68, for a total value of $600,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charles N. Whitaker sold 11,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $66.53, for a total value of $731,830.00. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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