FCG Advisors LLC Has $386,000 Stake in Altria Group (MO)
FCG Advisors LLC reduced its stake in Altria Group (NYSE:MO) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,183 shares of the company’s stock after selling 115 shares during the period. FCG Advisors LLC’s holdings in Altria Group were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Cadinha & Co. LLC boosted its holdings in shares of Altria Group by 34.8% in the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after acquiring an additional 2,401 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in Altria Group by 164.9% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock worth $18,149,000 after buying an additional 152,121 shares in the last quarter. LMR Partners LLP acquired a new position in Altria Group during the 2nd quarter worth $1,120,000. Teacher Retirement System of Texas lifted its holdings in Altria Group by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after buying an additional 76,988 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in Altria Group by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after buying an additional 14,444 shares in the last quarter. Institutional investors own 62.69% of the company’s stock.
MO has been the topic of several research reports. BidaskClub downgraded Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target on the stock in a research note on Tuesday, October 24th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Wednesday, October 11th. Citigroup cut their price target on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Finally, Cowen raised Altria Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.90.
Altria Group (MO) traded up $0.75 on Friday, hitting $68.58. 8,049,531 shares of the company were exchanged, compared to its average volume of 6,775,830. The company has a market cap of $130,860.00, a PE ratio of 21.01, a P/E/G ratio of 2.71 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 1-year low of $60.01 and a 1-year high of $77.79.
Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion during 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 company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. research analysts predict that Altria Group will post 3.28 earnings per share for the current year.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.
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Altria Group Profile
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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