INR Advisory Services LLC Invests $134,000 in Altria Group (MO) Stock
INR Advisory Services LLC purchased a new stake in Altria Group (NYSE:MO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,800 shares of the company’s stock, valued at approximately $134,000. Altria Group makes up about 0.0% of INR Advisory Services LLC’s investment portfolio, making the stock its 14th largest holding.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. increased its stake in Altria Group by 133.3% in the first 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 in the last quarter. Solaris Asset Management LLC increased its stake in Altria Group by 65.7% in the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group bought a new stake in Altria Group in the second quarter valued at $109,000. Perigon Wealth Management LLC increased its stake in Altria Group by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after purchasing an additional 74 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in Altria Group by 97.4% in the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after purchasing an additional 821 shares in the last quarter. 62.29% of the stock is owned by hedge funds and other institutional investors.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by insiders.
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Several research firms have recently commented on MO. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. UBS AG decreased their target price on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Cowen and Company set a $78.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research report on Friday, July 28th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price for the company in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus decreased their target price on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $72.04.
Altria Group (MO) opened at $65.84 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm has a market cap of $124,070.50, a PE ratio of 20.58, a P/E/G ratio of 2.66 and a beta of 0.60. 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 earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. analysts predict that Altria Group will post 3.28 EPS for the current year.
Altria Group declared that its board has authorized a share buyback plan on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Altria Group 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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