UNIVEST FINANCIAL Corp Sells 624 Shares of Altria Group Inc (NYSE:MO)

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UNIVEST FINANCIAL Corp trimmed its stake in shares of Altria Group Inc (NYSE:MO) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,718 shares of the company’s stock after selling 624 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Altria Group were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of MO. Legacy Wealth Planning LLC increased its holdings in Altria Group by 8.1% in 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 in the last quarter. New South Capital Management Inc. bought a new stake in Altria Group in the fourth quarter worth approximately $30,000. Pflug Koory LLC increased its holdings in Altria Group by 70.0% in the first quarter. Pflug Koory LLC now owns 765 shares of the company’s stock worth $30,000 after purchasing an additional 315 shares in the last quarter. Sanders Morris Harris LLC increased its holdings in Altria Group by 5.1% in the first quarter. Sanders Morris Harris LLC now owns 82,156 shares of the company’s stock worth $31,000 after purchasing an additional 4,006 shares in the last quarter. Finally, Country Trust Bank increased its holdings in Altria Group by 58.4% in the first quarter. Country Trust Bank now owns 814 shares of the company’s stock worth $31,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 63.68% of the company’s stock.

Shares of NYSE:MO traded down $0.79 during mid-day trading on Thursday, hitting $39.08. 1,191,499 shares of the company traded hands, compared to its average volume of 8,256,869. The stock has a market cap of $73.76 billion, a P/E ratio of -81.00, a P/E/G ratio of 1.88 and a beta of 0.43. The company has a current ratio of 0.71, a quick ratio of 0.53 and a debt-to-equity ratio of 4.06. Altria Group Inc has a 12-month low of $30.95 and a 12-month high of $52.45. The stock has a 50-day moving average price of $39.61 and a two-hundred day moving average price of $42.34.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 30th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.11. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.51 billion. Altria Group had a positive return on equity of 84.55% and a negative net margin of 3.33%. Altria Group’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. As a group, analysts expect that Altria Group Inc will post 4.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.36 annualized dividend and a dividend yield of 8.60%. Altria Group’s payout ratio is 79.62%.

A number of brokerages have weighed in on MO. Stifel Nicolaus reiterated a “buy” rating and issued a $52.00 target price on shares of Altria Group in a report on Monday, June 8th. Citigroup reiterated a “buy” rating and issued a $45.00 target price on shares of Altria Group in a report on Tuesday, June 30th. Deutsche Bank lowered their target price on Altria Group from $56.00 to $51.00 and set a “buy” rating for the company in a report on Monday, April 20th. Morgan Stanley upgraded Altria Group from an “equal weight” rating to an “overweight” rating and set a $49.00 target price for the company in a report on Monday, March 16th. Finally, Goldman Sachs Group began coverage on Altria Group in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $50.29.

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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