Altria Group (MO) Shares Sold by Exencial Wealth Advisors LLC
Exencial Wealth Advisors LLC lessened its holdings in Altria Group (NYSE:MO) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,658 shares of the company’s stock after selling 30 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Altria Group were worth $1,687,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Sterling Investment Advisors Ltd. boosted its holdings in shares of Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after acquiring an additional 800 shares in the last quarter. Solaris Asset Management LLC boosted its holdings in shares of Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after acquiring an additional 557 shares in the last quarter. CKW Financial Group acquired a new stake in shares of Altria Group during the 2nd quarter valued at $109,000. Perigon Wealth Management LLC boosted its holdings in shares of Altria Group by 4.7% during the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after acquiring an additional 74 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Altria Group by 97.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after acquiring an additional 821 shares in the last quarter. 62.69% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.
Shares of Altria Group (MO) traded up $1.33 during trading hours on Wednesday, reaching $66.40. The company had a trading volume of 9,686,200 shares, compared to its average volume of 6,744,511. The company has a market cap of $126,700.00, a price-to-earnings ratio of 20.72, a P/E/G ratio of 2.67 and a beta of 0.60. 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 has a twelve month low of $60.01 and a twelve month high of $77.79.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. Altria Group’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. equities analysts anticipate that Altria Group will post 3.28 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Jefferies Group set a $72.00 price objective on Altria Group and gave the company a “hold” rating in a report on Friday, November 17th. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price objective on the stock. in a report on Monday, November 13th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Finally, Berenberg Bank reissued a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $72.38.
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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