Altria Group (MO) Shares Bought by Hall Capital Management Co. Inc.
Hall Capital Management Co. Inc. lifted its holdings in shares of Altria Group (NYSE:MO) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,610 shares of the company’s stock after purchasing an additional 218 shares during the period. Altria Group accounts for about 2.3% of Hall Capital Management Co. Inc.’s portfolio, making the stock its 12th biggest position. Hall Capital Management Co. Inc.’s holdings in Altria Group were worth $2,428,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. British Columbia Investment Management Corp boosted its holdings in Altria Group by 17.0% in the first quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock worth $61,261,000 after acquiring an additional 124,740 shares in the last quarter. RNC Capital Management LLC boosted its holdings in Altria Group by 3.5% in the first quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock worth $39,455,000 after acquiring an additional 18,855 shares in the last quarter. Cedar Capital LLC boosted its holdings in Altria Group by 36.4% in the first quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock worth $397,000 after acquiring an additional 1,484 shares in the last quarter. Intrust Bank NA boosted its holdings in Altria Group by 3.1% in the first quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock worth $1,665,000 after acquiring an additional 710 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its holdings in Altria Group by 9.2% in the first quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock worth $1,275,000 after acquiring an additional 1,502 shares in the last quarter. Institutional investors own 62.70% of the company’s stock.
Shares of Altria Group (NYSE MO) traded down $0.06 during trading on Monday, hitting $71.48. The stock had a trading volume of 1,113,285 shares, compared to its average volume of 6,797,847. The stock has a market capitalization of $136,511.91, a P/E ratio of 22.64, a PEG ratio of 2.92 and a beta of 0.62. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14.
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 consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. equities analysts expect that Altria Group will post 3.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.
Several research analysts have issued reports on the company. Vetr lowered Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price target on the stock. in a report on Monday. Jefferies Group set a $72.00 price target on Altria Group and gave the stock a “hold” rating in a report on Friday, November 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, UBS lowered their price objective on Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $72.64.
In related news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.
Altria Group Company 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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