Altria Group (NYSE:MO) Shares Bought by Mitchell Mcleod Pugh & Williams Inc.
Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Altria Group (NYSE:MO) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,395 shares of the company’s stock after buying an additional 90 shares during the period. Altria Group comprises about 1.0% of Mitchell Mcleod Pugh & Williams Inc.’s portfolio, making the stock its 25th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Altria Group were worth $1,370,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. raised its position in Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after buying an additional 800 shares during the period. Perigon Wealth Management LLC raised its position in Altria Group by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after buying an additional 74 shares during the period. Proficio Capital Partners LLC raised its position in Altria Group by 97.4% in the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after buying an additional 821 shares during the period. Advantage Investment Management LLC raised 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 during the period. Finally, Feltz Wealth PLAN Inc. acquired a new position in Altria Group during the first quarter worth $134,000. Institutional investors own 62.47% of the company’s stock.
Altria Group (MO) traded down 0.71% during mid-day trading on Friday, hitting $64.31. 7,275,652 shares of the stock traded hands. The company has a market cap of $123.99 billion, a price-to-earnings ratio of 8.48 and a beta of 0.61. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79. The stock’s 50 day moving average is $71.34 and its 200-day moving average is $72.73.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the 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 net margin of 56.98% and a return on equity of 59.50%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. On average, equities research analysts anticipate that Altria Group will post $3.26 EPS for the current year.
Altria Group declared that its board has authorized a share buyback program on Thursday, July 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 0.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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A number of research firms have weighed in on MO. BidaskClub raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Berenberg Bank set a $72.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research note on Sunday, August 6th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $79.51 target price on the stock in a research note on Monday, July 31st. UBS AG decreased their target price on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 31st. Finally, Stifel Nicolaus decreased their target price on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Altria Group currently has an average rating of “Hold” and an average price target of $72.66.
In related news, Director George Munoz sold 5,000 shares of the company’s stock in a transaction that occurred 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 SEC, which is accessible through this hyperlink. 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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