First Personal Financial Services reduced its stake in shares of Altria Group Inc (NYSE:MO) by 15.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,478 shares of the company’s stock after selling 982 shares during the period. First Personal Financial Services’ holdings in Altria Group were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Altria Group by 14.1% in the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after purchasing an additional 4,613,088 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Altria Group by 6.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 463,956 shares of the company’s stock worth $26,348,000 after buying an additional 27,615 shares during the period. TMD & Associates Inc. acquired a new stake in Altria Group during the 3rd quarter worth approximately $202,000. Peoples Financial Services CORP. boosted its position in Altria Group by 10.3% during the 3rd quarter. Peoples Financial Services CORP. now owns 10,697 shares of the company’s stock worth $645,000 after buying an additional 1,000 shares during the period. Finally, Lau Associates LLC boosted its position in Altria Group by 89.2% during the 3rd quarter. Lau Associates LLC now owns 17,881 shares of the company’s stock worth $1,078,000 after buying an additional 8,431 shares during the period. 64.42% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Morgan Stanley downgraded shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. TheStreet downgraded shares of Altria Group from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. Finally, Cowen downgraded shares of Altria Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Four analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.71.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.95. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same quarter in the previous year, the company earned $0.91 EPS. On average, equities research analysts expect that Altria Group Inc will post 4.2 EPS for the current year.
About Altria Group
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.
Further Reading: Current Ratio
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