SG Americas Securities LLC Has $10.11 Million Position in Altria Group Inc (MO)
SG Americas Securities LLC lowered its holdings in Altria Group Inc (NYSE:MO) by 62.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,359 shares of the company’s stock after selling 269,618 shares during the period. SG Americas Securities LLC’s holdings in Altria Group were worth $10,107,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in MO. Solaris Asset Management LLC grew its position in shares of 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 acquiring an additional 557 shares during the period. CKW Financial Group bought a new position in shares of Altria Group in the 2nd quarter valued at about $109,000. Balentine LLC grew its position in shares of 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 acquiring an additional 357 shares during the period. INR Advisory Services LLC bought a new position in shares of Altria Group in the 2nd quarter valued at about $134,000. Finally, Northwest Investment Counselors LLC grew its position in shares of Altria Group by 557.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock valued at $115,000 after acquiring an additional 1,543 shares during the period. 62.64% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on MO shares. Jefferies Group set a $72.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research report 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 objective for the company. in a research report on Monday, November 13th. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a research report on Friday, October 27th. Finally, Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $72.87.
Shares of Altria Group Inc (NYSE MO) opened at $69.61 on Monday. The company has a market cap of $132,829.11, a PE ratio of 8.71, a P/E/G ratio of 2.55 and a beta of 0.62. 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 Inc 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 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. Altria Group’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s payout ratio is 33.04%.
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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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