Altria Group (MO) Position Increased by EP Wealth Advisors LLC
EP Wealth Advisors LLC increased its holdings in shares of Altria Group (NYSE:MO) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,535 shares of the company’s stock after purchasing an additional 654 shares during the quarter. EP Wealth Advisors LLC’s holdings in Altria Group were worth $1,008,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of MO. Sterling Investment Advisors Ltd. increased its position 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 worth $100,000 after purchasing an additional 800 shares during the last quarter. Solaris Asset Management LLC boosted its holdings in 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 during the period. CKW Financial Group purchased a new position in Altria Group during the 2nd quarter valued at about $109,000. Balentine LLC boosted its holdings in Altria Group by 32.4% during the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after acquiring an additional 357 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in 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 during the period. 62.70% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on MO shares. Piper Jaffray Companies restated a “buy” rating and set a $76.00 target price on shares of Altria Group in a report on Friday, October 27th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price for the company. in a report on Friday, October 13th. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Wednesday, October 11th. Citigroup lowered their target price on Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 30th. Finally, Edward Jones upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Two 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.64.
In related news, Director Dinyar S. Devitre sold 32,000 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.
Shares of Altria Group (NYSE:MO) traded up $0.60 on Thursday, hitting $72.32. The stock had a trading volume of 5,975,100 shares, compared to its average volume of 6,790,962. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The stock has a market cap of $136,855.39, a PE ratio of 22.70, a PEG ratio of 2.93 and a beta of 0.62. Altria Group has a fifty-two week low of $60.01 and a fifty-two week high of $77.79.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The business 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 business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. research analysts forecast 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 3.65%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s payout ratio is presently 33.04%.
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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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