First Fiduciary Investment Counsel Inc. boosted its position in shares of Altria Group Inc (NYSE:MO) by 21.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,185 shares of the company’s stock after buying an additional 27,239 shares during the period. Altria Group accounts for approximately 1.6% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 24th biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in Altria Group were worth $6,001,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new position in Altria Group during the fourth quarter worth approximately $27,000. New South Capital Management Inc. purchased a new position in shares of Altria Group in the 4th quarter valued at approximately $30,000. Wealth Alliance purchased a new position in shares of Altria Group in the 4th quarter valued at approximately $61,000. Cox Capital Mgt LLC purchased a new position in shares of Altria Group in the 1st quarter valued at approximately $32,000. Finally, Solstein Capital LLC purchased a new position in shares of Altria Group in the 4th quarter valued at approximately $36,000. 63.68% of the stock is currently owned by institutional investors.
Shares of Altria Group stock traded up $0.29 during trading on Monday, reaching $39.34. The company’s stock had a trading volume of 2,850,237 shares, compared to its average volume of 10,643,889. The business has a 50 day moving average price of $38.56 and a 200-day moving average price of $44.17. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 4.06. The company has a market capitalization of $72.57 billion, a P/E ratio of -79.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.44. Altria Group Inc has a 12-month low of $30.95 and a 12-month high of $52.46.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, April 30th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.11. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.51 billion. Altria Group had a positive return on equity of 84.55% and a negative net margin of 3.33%. Altria Group’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. Research analysts predict that Altria Group Inc will post 4.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a dividend of $0.84 per share. The ex-dividend date is Friday, June 12th. This represents a $3.36 dividend on an annualized basis and a yield of 8.54%. Altria Group’s payout ratio is 79.62%.
Several brokerages have weighed in on MO. Panmure Gordon upgraded Altria Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Friday, April 3rd. Morgan Stanley upgraded Altria Group from an “equal weight” rating to an “overweight” rating and set a $49.00 target price on the stock in a research note on Monday, March 16th. Stifel Nicolaus lowered their target price on Altria Group from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. ValuEngine downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Finally, Deutsche Bank lowered their target price on Altria Group from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $50.79.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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