Artemis Investment Management LLP Has $397,000 Holdings in Altria Group (MO)
Artemis Investment Management LLP held its stake in Altria Group (NYSE:MO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,333 shares of the company’s stock at the end of the 2nd quarter. Artemis Investment Management LLP’s holdings in Altria Group were worth $397,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Baystate Wealth Management LLC grew its position in Altria Group by 0.3% during the second quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock valued at $270,000 after acquiring an additional 10 shares during the period. Bellwether Investment Group LLC grew its position in Altria Group by 0.3% during the second quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after acquiring an additional 12 shares during the period. Lafayette Investments Inc. grew its position in Altria Group by 0.7% during the first quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock valued at $276,000 after acquiring an additional 25 shares during the period. JJJ Advisors Inc. grew its position in Altria Group by 0.8% during the first quarter. JJJ Advisors Inc. now owns 3,702 shares of the company’s stock valued at $264,000 after acquiring an additional 29 shares during the period. Finally, AT Bancorp grew its position in Altria Group by 0.3% during the first quarter. AT Bancorp now owns 10,545 shares of the company’s stock valued at $753,000 after acquiring an additional 29 shares during the period. 62.37% of the stock is owned by institutional investors and hedge funds.
In related news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.
A number of equities research analysts have issued reports on the company. Piper Jaffray Companies set a $76.00 price target on Altria Group and gave the company a “buy” rating in a research report on Thursday, July 27th. Cowen and Company set a $78.00 price target on Altria Group and gave the company a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded Altria Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Wells Fargo & Company reissued an “outperform” rating and set a $80.00 price target on shares of Altria Group in a research report on Monday, July 31st. Finally, UBS AG lowered their price target on Altria Group from $78.00 to $72.00 and set a “neutral” rating for the company in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $72.38.
Altria Group (MO) opened at $65.83 on Tuesday. The company has a market capitalization of $125,590.00, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60. Altria Group has a one year low of $60.01 and a one year high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. sell-side analysts expect that Altria Group will post 3.28 EPS for the current year.
Altria Group declared that its board has approved a stock buyback program on Thursday, July 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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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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