Wayne Hummer Investments L.L.C. Has $1.14 Million Stake in Altria Group Inc (MO)

Wayne Hummer Investments L.L.C. lessened its holdings in shares of Altria Group Inc (NYSE:MO) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,968 shares of the company’s stock after selling 953 shares during the quarter. Wayne Hummer Investments L.L.C.’s holdings in Altria Group were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MO. NewSquare Capital LLC lifted its stake in shares of Altria Group by 4,734.7% during the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after buying an additional 106,530 shares in the last quarter. Sowell Financial Services LLC lifted its stake in shares of Altria Group by 20.4% during the 3rd quarter. Sowell Financial Services LLC now owns 91,714 shares of the company’s stock valued at $5,934,000 after buying an additional 15,558 shares in the last quarter. Hilton Capital Management LLC purchased a new position in shares of Altria Group during the 3rd quarter valued at $432,000. Commonwealth Equity Services Inc lifted its stake in shares of Altria Group by 1.8% during the 3rd quarter. Commonwealth Equity Services Inc now owns 1,298,407 shares of the company’s stock valued at $82,345,000 after buying an additional 22,662 shares in the last quarter. Finally, Motco lifted its stake in shares of Altria Group by 49.1% during the 3rd quarter. Motco now owns 106,227 shares of the company’s stock valued at $6,737,000 after buying an additional 34,994 shares in the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.

A number of research analysts recently weighed in on MO shares. Jefferies Group set a $72.00 target price on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price on the stock. in a research note on Monday, November 13th. Zacks Investment Research cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies restated a “buy” rating and set a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Finally, Edward Jones upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. 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. Altria Group presently 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 Tuesday. The company has a market cap of $132,829.11, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.62. Altria Group Inc has a one year low of $60.01 and a one year high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.

Altria Group (NYSE:MO) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. equities analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s payout ratio is currently 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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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