Altria Group (MO) Stake Lessened by Archford Capital Strategies LLC
Archford Capital Strategies LLC decreased its holdings in Altria Group (NYSE:MO) by 47.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,780 shares of the company’s stock after selling 24,635 shares during the quarter. Archford Capital Strategies LLC’s holdings in Altria Group were worth $1,465,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in shares of Altria Group by 8.8% in the second quarter. Cetera Investment Advisers now owns 37,089 shares of the company’s stock worth $2,758,000 after purchasing an additional 2,997 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Altria Group by 5.1% in the second quarter. EP Wealth Advisors LLC now owns 13,535 shares of the company’s stock valued at $1,008,000 after buying an additional 654 shares during the period. Beaton Management Co. Inc. acquired a new stake in shares of Altria Group in the second quarter valued at $2,103,000. Fort Pitt Capital Group LLC lifted its holdings in shares of Altria Group by 2.0% in the second quarter. Fort Pitt Capital Group LLC now owns 18,018 shares of the company’s stock valued at $1,342,000 after buying an additional 345 shares during the period. Finally, Tandem Investment Advisors Inc. lifted its holdings in shares of Altria Group by 7.7% in the second quarter. Tandem Investment Advisors Inc. now owns 10,323 shares of the company’s stock valued at $769,000 after buying an additional 740 shares during the period. 62.70% of the stock is owned by institutional investors.
MO has been the subject of several research analyst reports. Jefferies Group set a $67.00 price objective on Altria Group and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective for the company. in a report on Wednesday, September 6th. Cowen restated a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Altria Group presently has a consensus rating of “Hold” and a consensus price target of $72.64.
Shares of Altria Group (NYSE:MO) traded down $0.53 during midday trading on Friday, hitting $71.79. The stock had a trading volume of 9,072,600 shares, compared to its average volume of 6,800,430. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79. The stock has a market capitalization of $138,000.30, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 2.95 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.
Altria Group (NYSE:MO) last announced 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. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the business posted $0.82 earnings per share. Altria Group’s revenue was down 1.8% compared to the same quarter last year. research analysts anticipate that Altria Group will post 3.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio is 33.04%.
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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