Mitchell Sinkler & Starr PA maintained its position in Altria Group (NYSE:MO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,544 shares of the company’s stock at the end of the first quarter. Mitchell Sinkler & Starr PA’s holdings in Altria Group were worth $467,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Integrated Wealth Counsel LLC increased its stake in shares of Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares during the last quarter. Advantage Investment Management LLC bought a new position in Altria Group during the fourth quarter worth approximately $116,000. CLS Investments LLC boosted its position in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock worth $120,000 after buying an additional 1,272 shares during the period. Acropolis Investment Management LLC boosted its position in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock worth $136,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 63.38% of the company’s stock.
Shares of Altria Group (NYSE MO) opened at 77.28 on Friday. Altria Group has a 52-week low of $60.82 and a 52-week high of $77.29. The company has a market cap of $149.85 billion, a P/E ratio of 10.46 and a beta of 0.66. The company has a 50-day moving average price of $72.97 and a 200-day moving average price of $71.42.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.63 billion. Altria Group had a net margin of 55.99% and a return on equity of 76.43%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. On average, equities analysts predict that Altria Group will post $3.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Thursday, June 15th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.16%. Altria Group’s payout ratio is 33.02%.
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MO has been the subject of a number of research reports. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $80.18 price objective for the company. in a report on Monday, May 22nd. Barclays PLC reissued an “equal weight” rating and set a $74.00 target price on shares of Altria Group in a research report on Wednesday, March 29th. Jefferies Group LLC reissued a “hold” rating and set a $71.00 target price on shares of Altria Group in a research report on Friday, March 24th. Piper Jaffray Companies initiated coverage on shares of Altria Group in a research report on Wednesday, May 24th. They set an “overweight” rating and a $76.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $72.35.
In related news, Director Dinyar S. Devitre sold 4,285 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $70.72, for a total value of $303,035.20. Following the completion of the transaction, the director now owns 112,457 shares of the company’s stock, valued at approximately $7,952,959.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Munoz sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The disclosure for this sale can be found here. Corporate insiders own 0.15% 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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