Tompkins Financial Corp grew its stake in shares of Altria Group Inc (NYSE:MO) by 28.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,744 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Tompkins Financial Corp’s holdings in Altria Group were worth $108,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Legacy Wealth Planning LLC grew its holdings in shares of Altria Group by 8.1% during the first quarter. Legacy Wealth Planning LLC now owns 6,542 shares of the company’s stock worth $25,000 after purchasing an additional 488 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Altria Group by 243.9% in the 2nd quarter. Larson Financial Group LLC now owns 736 shares of the company’s stock valued at $29,000 after purchasing an additional 522 shares during the period. Pflug Koory LLC grew its stake in Altria Group by 70.0% during the 1st quarter. Pflug Koory LLC now owns 765 shares of the company’s stock worth $30,000 after buying an additional 315 shares during the last quarter. Sanders Morris Harris LLC grew its stake in Altria Group by 5.1% during the 1st quarter. Sanders Morris Harris LLC now owns 82,156 shares of the company’s stock worth $31,000 after buying an additional 4,006 shares during the last quarter. Finally, Country Trust Bank increased its position in Altria Group by 58.4% during the first quarter. Country Trust Bank now owns 814 shares of the company’s stock worth $31,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 63.59% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler restated a “buy” rating and issued a $57.00 price objective on shares of Altria Group in a research note on Tuesday, July 7th. Deutsche Bank increased their target price on shares of Altria Group from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Panmure Gordon upgraded Altria Group from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Friday, April 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 price objective on shares of Altria Group in a research note on Monday, June 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Altria Group has a consensus rating of “Buy” and an average price target of $50.36.
Shares of NYSE MO opened at $41.15 on Friday. The company’s fifty day moving average is $40.34 and its two-hundred day moving average is $41.29. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.53 and a current ratio of 0.75. The firm has a market capitalization of $76.47 billion, a P/E ratio of -79.13, a PEG ratio of 1.93 and a beta of 0.43. Altria Group Inc has a one year low of $30.95 and a one year high of $52.45.
Altria Group (NYSE:MO) last issued its earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.03. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Altria Group had a negative net margin of 3.57% and a positive return on equity of 109.11%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. On average, sell-side analysts forecast that Altria Group Inc will post 4.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th will be issued a $0.86 dividend. This is a positive change from Altria Group’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Monday, September 14th. This represents a $3.44 annualized dividend and a yield of 8.36%. Altria Group’s dividend payout ratio is 79.62%.
Altria Group 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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