Altria Group Inc (MO) Stake Decreased by Fulton Bank N.A.
Fulton Bank N.A. lessened its position in shares of Altria Group Inc (NYSE:MO) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,405 shares of the company’s stock after selling 7,009 shares during the period. Fulton Bank N.A.’s holdings in Altria Group were worth $6,684,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of MO. Sterling Investment Advisors Ltd. lifted its stake in Altria Group by 133.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares during the last quarter. Solaris Asset Management LLC lifted its stake in Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after purchasing an additional 557 shares during the last quarter. CKW Financial Group bought a new position in Altria Group in the 2nd quarter valued at approximately $109,000. Balentine LLC lifted its stake in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in Altria Group by 4.7% in the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after purchasing an additional 74 shares during the last quarter. 62.70% of the stock is owned by institutional investors.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction on Thursday, September 21st. The shares were 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 available through the SEC website. Corporate insiders own 0.11% of the company’s stock.
Shares of Altria Group Inc (NYSE MO) opened at $71.67 on Friday. Altria Group Inc has a 12-month low of $60.01 and a 12-month 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. The firm has a market cap of $136,759.97, a price-to-earnings ratio of 22.68, a PEG ratio of 2.93 and a beta of 0.62.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the company posted $0.82 earnings per share. Altria Group’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts anticipate that Altria Group Inc will post 3.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.
MO has been the subject of several analyst reports. Jefferies Group set a $72.00 price target on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price target for the company. in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 price target on shares of Altria Group in a research note on Friday, October 27th. Finally, BidaskClub downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $72.64.
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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