Altria Group Inc (MO) Shares Sold by Security National Trust Co.
Security National Trust Co. lessened its holdings in Altria Group Inc (NYSE:MO) by 7.2% during the 3rd quarter, Holdings Channel reports. The fund owned 58,160 shares of the company’s stock after selling 4,525 shares during the period. Altria Group makes up approximately 1.2% of Security National Trust Co.’s holdings, making the stock its 23rd biggest holding. Security National Trust Co.’s holdings in Altria Group were worth $3,689,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Solaris Asset Management LLC lifted its holdings 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 worth $105,000 after buying an additional 557 shares during the period. CKW Financial Group purchased a new stake in shares of Altria Group in the 2nd quarter worth $109,000. NewSquare Capital LLC lifted its holdings in shares of Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after buying an additional 106,530 shares during the period. Balentine LLC lifted its holdings in shares of Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after buying an additional 357 shares during the period. Finally, Northwest Investment Counselors LLC lifted its stake in shares of Altria Group by 557.0% during the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after purchasing an additional 1,543 shares during the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.
A number of brokerages recently weighed in on MO. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Co upped their price objective on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Vetr upgraded Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price objective for the company in a research note on Thursday, December 28th. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $60.01 to $71.00 in a research note on Tuesday, December 19th. Finally, Jefferies Group set a $72.00 price objective on Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.87.
Shares of Altria Group Inc (NYSE:MO) opened at $70.15 on Thursday. Altria Group Inc has a 12 month low of $60.01 and a 12 month high of $77.79. The firm has a market capitalization of $133,860.00, a price-to-earnings ratio of 8.77, a P/E/G ratio of 2.52 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 (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. analysts anticipate that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.76%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.00%.
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.
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.