Sawtooth Solutions LLC increased its position in shares of Altria Group (NYSE:MO) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,700 shares of the company’s stock after acquiring an additional 2,620 shares during the quarter. Sawtooth Solutions LLC’s holdings in Altria Group were worth $2,510,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Altria Group by 0.9% during the 1st quarter. State Street Corp now owns 74,624,722 shares of the company’s stock worth $5,329,771,000 after acquiring an additional 687,246 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Altria Group by 1.8% during the 2nd quarter. Federated Investors Inc. PA now owns 12,736,904 shares of the company’s stock worth $948,518,000 after acquiring an additional 227,112 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Altria Group by 3.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,121,177 shares of the company’s stock worth $679,255,000 after acquiring an additional 330,687 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Altria Group by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 9,038,913 shares of the company’s stock worth $673,135,000 after acquiring an additional 241,211 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Altria Group by 9.8% during the 2nd quarter. Swiss National Bank now owns 8,222,194 shares of the company’s stock worth $612,307,000 after acquiring an additional 735,800 shares in the last quarter. Hedge funds and other institutional investors own 62.37% of the company’s stock.
Shares of Altria Group (NYSE MO) opened at $65.65 on Wednesday. The company has a market cap of $125,616.15, a price-to-earnings ratio of 20.83, a PEG ratio of 2.69 and a beta of 0.60. 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 has a twelve month low of $60.01 and a twelve month high of $77.79.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. sell-side analysts predict that Altria Group will post 3.28 earnings per share for the current fiscal year.
Altria Group announced that its board has approved a stock repurchase plan on Thursday, July 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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In other news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.
Several research firms recently commented on MO. Berenberg Bank set a $72.00 price objective on shares of Altria Group and gave the stock a “hold” rating in a research note on Sunday, August 6th. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective for the company. in a research note on Wednesday, September 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $62.00 price objective on shares of Altria Group in a research note on Tuesday, October 3rd. Jefferies Group LLC set a $72.00 price objective on shares of Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, BidaskClub upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Altria Group presently has a consensus rating of “Hold” and a consensus target price of $72.38.
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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