Altria Group (MO) Position Maintained by Knights of Columbus Asset Advisors LLC
Knights of Columbus Asset Advisors LLC maintained its position in Altria Group (NYSE:MO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,750 shares of the company’s stock at the close of the 2nd quarter. Knights of Columbus Asset Advisors LLC’s holdings in Altria Group were worth $577,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of MO. Swiss National Bank lifted its stake in shares of Altria Group by 25.1% during the 1st quarter. Swiss National Bank now owns 7,486,394 shares of the company’s stock worth $534,678,000 after buying an additional 1,501,400 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Altria Group in the 1st quarter worth about $104,292,000. Prudential Financial Inc. raised its stake in Altria Group by 26.6% in the 2nd quarter. Prudential Financial Inc. now owns 4,957,386 shares of the company’s stock worth $369,177,000 after purchasing an additional 1,040,250 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Altria Group by 20.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,586,398 shares of the company’s stock worth $341,549,000 after purchasing an additional 787,000 shares in the last quarter. Finally, State Street Corp raised its stake in Altria Group by 0.9% in the 1st quarter. State Street Corp now owns 74,624,722 shares of the company’s stock worth $5,329,771,000 after purchasing an additional 687,246 shares in the last quarter. Institutional investors own 62.29% of the company’s stock.
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In related news, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.
Altria Group (NYSE:MO) opened at $65.73 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a market cap of $125,430.00, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60.
Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. equities research analysts predict that Altria Group will post 3.28 earnings per share for the current year.
Altria Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 0.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Several analysts have weighed in on the stock. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price objective for the company. in a research note on Monday. UBS AG reiterated a “hold” rating on shares of Altria Group in a research note on Tuesday, August 8th. Piper Jaffray Companies set a $76.00 price objective on shares of Altria Group and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $72.04.
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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