Compagnie Lombard Odier SCmA decreased its holdings in Altria Group (NYSE:MO) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,413 shares of the company’s stock after selling 4,232 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Altria Group were worth $3,604,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of MO. Sterling Investment Advisors Ltd. increased its holdings in shares of Altria Group by 133.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares during the period. Solaris Asset Management LLC grew its stake in shares of Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after buying an additional 557 shares in the last quarter. CKW Financial Group bought a new stake in shares of Altria Group in the 2nd quarter valued at approximately $109,000. Perigon Wealth Management LLC grew its stake in shares of Altria Group by 4.7% in the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after buying an additional 74 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of Altria Group by 97.4% in the 1st quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after buying an additional 821 shares in the last quarter. Institutional investors own 62.70% of the company’s stock.
Several equities research analysts recently commented on MO shares. BidaskClub cut Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target for the company in a research note on Tuesday, October 24th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Wednesday, October 11th. Citigroup lowered their price target on Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 30th. Finally, Cowen raised Altria Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.64.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. analysts expect that Altria Group will post 3.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.69%. Altria Group’s payout ratio is currently 33.04%.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.
About Altria Group
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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