Argent Trust Co boosted its position in Altria Group (NYSE:MO) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,554 shares of the company’s stock after acquiring an additional 693 shares during the period. Argent Trust Co’s holdings in Altria Group were worth $1,381,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Swiss National Bank increased its position in Altria Group by 25.1% in the first quarter. Swiss National Bank now owns 7,486,394 shares of the company’s stock worth $534,678,000 after buying an additional 1,501,400 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Altria Group in the first quarter worth $104,292,000. Prudential Financial Inc. increased its position in Altria Group by 26.6% in the second quarter. Prudential Financial Inc. now owns 4,957,386 shares of the company’s stock worth $369,177,000 after buying an additional 1,040,250 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Altria Group by 20.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,586,398 shares of the company’s stock worth $341,549,000 after buying an additional 787,000 shares during the last quarter. Finally, State Street Corp increased its position in Altria Group by 0.9% in the first quarter. State Street Corp now owns 74,624,722 shares of the company’s stock worth $5,329,771,000 after buying an additional 687,246 shares during the last quarter. Institutional investors and hedge funds own 62.37% of the company’s stock.
Shares of Altria Group (MO) traded down $0.01 during mid-day trading on Monday, reaching $65.48. The company’s stock had a trading volume of 2,075,600 shares, compared to its average volume of 6,739,878. 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 has a 52-week low of $60.01 and a 52-week high of $77.79. The company has a market capitalization of $124,948.28, a price-to-earnings ratio of 20.72, a P/E/G ratio of 2.67 and a beta of 0.60.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. equities analysts expect that Altria Group will post 3.28 earnings per share for the current fiscal year.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.
A number of equities analysts have recently commented on the company. Jefferies Group LLC set a $72.00 price target on Altria Group and gave the stock a “hold” rating in a report on Friday, November 17th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price target for the company. in a report on Monday, November 13th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and a consensus target price of $72.38.
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Altria Group 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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