Altria Group (MO) Holdings Reduced by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA lowered its position in Altria Group (NYSE:MO) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,110 shares of the company’s stock after selling 72 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Altria Group were worth $2,018,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. HM Capital Management LLC lifted its holdings in Altria Group by 0.3% in the 1st quarter. HM Capital Management LLC now owns 3,435 shares of the company’s stock worth $245,000 after buying an additional 9 shares in the last quarter. Strategic Financial Group LLC lifted its holdings in Altria Group by 0.4% in the 1st quarter. Strategic Financial Group LLC now owns 3,293 shares of the company’s stock worth $235,000 after buying an additional 14 shares in the last quarter. Lafayette Investments Inc. lifted its holdings in Altria Group by 0.7% in the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock worth $276,000 after buying an additional 25 shares in the last quarter. AT Bancorp lifted its holdings in Altria Group by 0.3% in the 1st quarter. AT Bancorp now owns 10,545 shares of the company’s stock worth $753,000 after buying an additional 29 shares in the last quarter. Finally, JJJ Advisors Inc. lifted its holdings in Altria Group by 0.8% in the 1st quarter. JJJ Advisors Inc. now owns 3,702 shares of the company’s stock worth $264,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 61.85% of the company’s stock.
In other Altria Group news, CEO Martin J. Barrington sold 15,300 shares of Altria Group stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $65.03, for a total value of $994,959.00. Following the transaction, the chief executive officer now owns 701,074 shares of the company’s stock, valued at $45,590,842.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
A number of equities analysts have commented on the stock. Cowen and Company upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $64.00 to $71.00 in a report on Tuesday. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $69.00 target price for the company in a research report on Wednesday, September 20th. BidaskClub downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Jefferies Group LLC set a $67.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, UBS AG reissued a “hold” rating on shares of Altria Group in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Altria Group presently has a consensus rating of “Hold” and a consensus price target of $71.57.
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Shares of Altria Group (NYSE MO) traded down 0.210% during midday trading on Thursday, hitting $64.275. 2,601,031 shares of the company traded hands. The stock’s 50-day moving average is $63.95 and its 200 day moving average is $70.99. The stock has a market capitalization of $123.92 billion, a P/E ratio of 8.476 and a beta of 0.63. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the previous year, the business earned $0.81 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that Altria Group will post $3.26 earnings per share for the current year.
Altria Group announced that its board has initiated a share buyback 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be paid a $0.66 dividend. The ex-dividend date is Thursday, September 14th. This represents a $2.64 dividend on an annualized basis and a yield of 4.10%. This is a positive change from Altria Group’s previous quarterly dividend of $0.61. Altria Group’s payout ratio is presently 34.83%.
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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