Outlook Wealth Advisors LLC cut its position in Altria Group Inc (NYSE:MO) by 43.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,081 shares of the company’s stock after selling 3,925 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Altria Group were worth $208,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vigilant Capital Management LLC boosted its holdings in Altria Group by 140.3% in the third quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock worth $29,000 after acquiring an additional 411 shares in the last quarter. HMS Capital Management LLC bought a new position in shares of Altria Group in the second quarter worth $41,000. Salomon & Ludwin LLC boosted its holdings in shares of Altria Group by 189.0% in the second quarter. Salomon & Ludwin LLC now owns 867 shares of the company’s stock worth $41,000 after acquiring an additional 567 shares during the period. Titan Capital Management LLC CA bought a new stake in Altria Group during the second quarter valued at $44,000. Finally, Perkins Coie Trust Co boosted its stake in Altria Group by 214.0% during the second quarter. Perkins Coie Trust Co now owns 967 shares of the company’s stock valued at $46,000 after buying an additional 659 shares during the period. Institutional investors and hedge funds own 63.27% of the company’s stock.
A number of equities research analysts have weighed in on MO shares. Stifel Nicolaus restated a “buy” rating on shares of Altria Group in a research report on Tuesday, October 15th. TheStreet downgraded Altria Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. Cowen restated a “hold” rating on shares of Altria Group in a research report on Thursday, September 12th. Citigroup lifted their price objective on Altria Group from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Altria Group in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.35.
Altria Group stock traded up $0.43 during trading hours on Friday, hitting $46.41. 5,522,956 shares of the stock traded hands, compared to its average volume of 10,315,709. The firm’s 50-day moving average price is $43.42 and its two-hundred day moving average price is $47.52. The company has a current ratio of 0.56, a quick ratio of 0.27 and a debt-to-equity ratio of 2.53. The company has a market cap of $86.40 billion, a PE ratio of 11.63, a PEG ratio of 1.72 and a beta of 0.41. Altria Group Inc has a one year low of $39.30 and a one year high of $66.04.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Altria Group had a return on equity of 56.17% and a net margin of 7.00%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Altria Group Inc will post 4.21 earnings per share for the current fiscal year.
Altria Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 1.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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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